After a 400 pips fall in the past 2 weeks, we are approaching a nice support zone for EURNZD.
A bullish bat pattern will complete around 1.7520-1.7530.
This is a higher time frame trend aligning bullish setup which could easily reach our TP if executed correctly.
The market must react to the PRZ zone before we can consider going long, never use pending orders unless you want to lose more than you win.
Real harmonic execution is based off market reaction, no reaction no trade.
PRZ 1.7520-1.7530
SL 1.7405
TP1 1.7680
TP2 1.7770
Strong advice not to risk more than 2% on any trades for long term sustainable trading.
Good luck and good trading!
A bullish bat pattern will complete around 1.7520-1.7530.
This is a higher time frame trend aligning bullish setup which could easily reach our TP if executed correctly.
The market must react to the PRZ zone before we can consider going long, never use pending orders unless you want to lose more than you win.
Real harmonic execution is based off market reaction, no reaction no trade.
PRZ 1.7520-1.7530
SL 1.7405
TP1 1.7680
TP2 1.7770
Strong advice not to risk more than 2% on any trades for long term sustainable trading.
Good luck and good trading!
This is why I always advocate, buy on close above/below PRZ.
Managed to avoid getting into a tough situation.