🔸Hello traders, let's review the 2 hour chart for EURNZD. Strong gains off the lows recently, however price getting overextended and expecting reversal later at/near PRZ/D.
🔸Speculative XABCD structure defined by point X 8525 point A 8300 point B 8475 point C 8250 point D/PRZ 8600/8620 still pending.
🔸Currently most points validated, point D/PRZ still pending 8620, so traders should wait until we hit D before SHORTING.
🔸Recommended strategy for EURNZD traders: wait for price to max out
to complete at point D near 8600/20, short/hold, SL 60 pips, TP1 +150 pips TP2 +2500 pips Final exit TP at 8250. SHORT/HOLD at point D/PRZ at 8620. swing trade setup. Higher risk Market BUY NOW exit at 8600/8620 at D/PRZ. keep in mind this is a swing trade setup, patience required.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Speculative XABCD structure defined by point X 8525 point A 8300 point B 8475 point C 8250 point D/PRZ 8600/8620 still pending.
🔸Currently most points validated, point D/PRZ still pending 8620, so traders should wait until we hit D before SHORTING.
🔸Recommended strategy for EURNZD traders: wait for price to max out
to complete at point D near 8600/20, short/hold, SL 60 pips, TP1 +150 pips TP2 +2500 pips Final exit TP at 8250. SHORT/HOLD at point D/PRZ at 8620. swing trade setup. Higher risk Market BUY NOW exit at 8600/8620 at D/PRZ. keep in mind this is a swing trade setup, patience required.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
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💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.