NZD/JPY Potential AB=CD Pattern Lining Up.

11 thg 12, 2018

Here we have bullish price action looking really nice with a bullish pin bar forming right on the 61.8% fib level. Prior to that, price respected support between 76.36 and 76.215 and now we have what obviously appears to be a completed C leg for a potential AB=CD harmonic pattern, which means I would look to take profits at 79.50 as it is aligned with the D leg extension.