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EURNZD Harmonic Trade Opportunity 01-19-2018 Target Reached 100 Pips

Trade opportunity with good risk reward ratio

EURNZD Harmonic Trade Opportunity 01-19-2018

Our previous EURNZD Trade Idea hit the target with 100 pips.

http://chartreaderpro.com/eurnzd-channel-trading-support-breakout/

It was based on channel trading and support breakout.

We have another EURNZD trade and it reached the first target.

Our next trade will be based on harmonic trading.

The first pattern is ( White ) Bullish Gartley and D leg will be completed @ 1.67500.

The second pattern – highlighted with red triangles- is Bullish Cypher and D will be completed @ 1.66920.

Our trade plan is to wait for the pullback – reversal – from the first D – Bull Gartley @ 1.67500 to 1.68400 – 1.68600 EMA resistance and enter short targeting second D leg  – Bullish Cypher @ 1.16900-

Our Stop Loss will be 1.69000.

Good Luck

Update:

As predicted, price pulled back from D to 1.68500 – 100 pips profit –
And Short position added at 1.68500
Our target is the D at 1.66900

To get the entry alert with  stop loss and take profit levels :

 

Join our free telegram channel: https://t.me/chartreader

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EURNZD Harmonic Trade:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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