NZD-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOUR

4 Nis 2023

This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. NZD-USD Forex pair is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument.

5 Nis 2023

İşlem kapandı: hedefe ulaştı

TP 1 Level reached. Trade Closed.