EURUSD TARGETS:HARMONIC PATTERNS AND PRZ

After completing the bullish bat pattern, the bearish shark pattern is reaching the target

Note

With a difference of 20 pips completed the pattern of a bearish shark
The reason for this difference in the lack of accurate treatment of the prz goes back to two issues
One is that due to the very close difference to the bearish cypher pattern, the market probability between the przs chose both bearish patterns to fall.

Another reason is the data used in the analysis, which in the next tutorial post I will introduce the best type of data and the best time frame for using that data to find harmonic patterns.

Note

However, you should always pay attention to the structure of the market when identifying areas
One of the best tools for finding structural support and resistance is the use of channels and the law of channel failure
It is very important that you combine the identified harmonic prz with the structural support and resistance of the market
Entry points are set in lower timeframes
And when you can use this combination to determine the trend change zone with a very high probability
Then you can use trend-following strategies to trade
Warning
This type of analysis and trading requires a lot of patience
Because the number of entries at point zero to the target is low
And it takes a lot of patience to reach the target
And if you do not enter the right place, you may not be able to find new setup for a long time
However, when the future trend can be guessed with high probability, then we can safely scalp in the direction of the newly formed trend.
Without the need for much patience and the use of indicators to guess the current market trend
I think this is one of the best ways to identify trends

majiziba021

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