TheDailyTrader_FX
Short

NZD/USD 4H Two possible outcomes from harmonic perspective

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Another reason why I love advanced patterns so much is that they let you identify potential trades long before the sell or buy signal occurs, all you have to do is sit back and wait for the patterns complete and even if they don't complete, no big deal, just move on to the next one they occur in all markets, no matter currencies, stocks, futures or commodities . Of course not all of the patterns formed in the markets turn out to be valid, they fail quite often. Nothing is perfect these days....Anyways, here are two potential patterns forming on this pair, its a bullish bat in case if bears push the market lower and another one is a bearish butterfly which is more attractive to me as it is completing at the even handle number of 0.7000 also psychological resistance. Considering that we are quite overbought in the bearish market we may see a very sharp decline if bulls push price further up towards completion of the butterfly .

Of course it would be nice to see completion of bullish bat followed by completion of butterfly ... :)

I remind you that it's just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :)

Trade your plan and good luck in the markets.
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