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Euro / New Zealand Dollar
Long

EURNZD Harmonic Crab Pattern Analysis and Strategy

45
Our trade was accurate so we bought it as the crab pattern formed. We closed now part of our positions @ the 38.6 fib of the 4th leg of the pattern. We can see that the 38.6 Fibonacci level coincides with the 4 hour green resistance area, therefore we reduced our position and took profits. We are keeping our other positions open and looking for the 50 and 61.8 Fibonacci levels. EURNZD
PlutusX
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analysisChart PatternsEURNZDFibonacci RetracementfxHarmonic PatternsTechnical Indicatorsmamstrategy

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analysisChart PatternsEURNZDFibonacci RetracementfxHarmonic PatternsTechnical Indicatorsmamstrategy
PlutusX
Also on:

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.