EURNZD ADVANCE HARMONICS PATTERN AB=CD BULLISH
Hello Traders, and welcome to TCPLTP!
Today, we are examining a promising trading opportunity with the EUR/NZD pair. Let's delve into the specifics.
To understand the potential of this opportunity, let's first unpack the AB=CD pattern. This pattern is a popular harmonic sequence in the trading sphere, noted for its symmetrical price legs. Currently, the EUR/NZD pair has crafted a bullish AB=CD pattern on its hourly chart, signaling a potential ascent in the market. This advanced harmonic pattern is a reliable tool for traders to identify potential market shifts.
Now, focusing on the current market dynamics, the EUR/NZD is trading above the designated long entry level, hinting at a bullish momentum in the offing. Here are the critical levels to monitor:
- Long Entry (EL): 1.81248
- Stop Loss (ST): 1.80656
As for the profit targets, we have identified two promising levels where you might consider securing profits:
- Target 1:
- 62% of AD: 1.83181
- 78% of AD: 1.83806
- Target 2:
- 127% of AD: 1.85625
- 162% of AD: 1.86943
In light of the bullish indications from the pattern, traders might contemplate initiating a long position. It's essential to manage your risk wisely by setting a stop loss at the specified level, and to stay attuned to the ever-changing market dynamics.
We trust you find this trading opportunity as promising as we do. As always, ensure to conduct thorough research before making any trading decisions.
Happy Trading!
If you find this idea appealing, please support it with a like and follow us for more insightful trading opportunities. Your support is much appreciated!
Today, we are examining a promising trading opportunity with the EUR/NZD pair. Let's delve into the specifics.
To understand the potential of this opportunity, let's first unpack the AB=CD pattern. This pattern is a popular harmonic sequence in the trading sphere, noted for its symmetrical price legs. Currently, the EUR/NZD pair has crafted a bullish AB=CD pattern on its hourly chart, signaling a potential ascent in the market. This advanced harmonic pattern is a reliable tool for traders to identify potential market shifts.
Now, focusing on the current market dynamics, the EUR/NZD is trading above the designated long entry level, hinting at a bullish momentum in the offing. Here are the critical levels to monitor:
- Long Entry (EL): 1.81248
- Stop Loss (ST): 1.80656
As for the profit targets, we have identified two promising levels where you might consider securing profits:
- Target 1:
- 62% of AD: 1.83181
- 78% of AD: 1.83806
- Target 2:
- 127% of AD: 1.85625
- 162% of AD: 1.86943
In light of the bullish indications from the pattern, traders might contemplate initiating a long position. It's essential to manage your risk wisely by setting a stop loss at the specified level, and to stay attuned to the ever-changing market dynamics.
We trust you find this trading opportunity as promising as we do. As always, ensure to conduct thorough research before making any trading decisions.
Happy Trading!
If you find this idea appealing, please support it with a like and follow us for more insightful trading opportunities. Your support is much appreciated!
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