Pair: EUR/NZD
Timeframe: 4H
Platform: OANDA
A bullish harmonic formation has been completed on the 4H chart of EUR/NZD, signaling a potential trend reversal. The structure closely resembles a Bullish Bat/Gartley pattern, now confirming a long opportunity with the price reacting positively from point D.
Technical Overview:
Entry: 1.90500 (Activated)
The harmonic structure shows a clear X-A-B-C-D setup, with the D-point aligning at a deep Fibonacci retracement and harmonic convergence zone.
Price action has respected this PRZ (Potential Reversal Zone), confirming a bullish reversal signal.
Targets:
1st Target: 1.92600
Final Target: 1.96600
These levels correspond with past structure highs and Fibonacci projections.
Support Zone:
Key Support: 1.87450
If price closes below this level, it may invalidate the setup and require a reevaluation.
Trading Plan:
With the entry at 1.90500, the trade now seeks to reach the defined targets. Conservative traders might wait for a confirmed break above minor resistance before scaling in. Risk management is crucial—stop-losses should be placed just below the support area.
This setup combines pattern recognition and market structure for a high-probability long scenario.
Do you agree with this harmonic setup? Share your thoughts below and let’s trade smart together!
Timeframe: 4H
Platform: OANDA
A bullish harmonic formation has been completed on the 4H chart of EUR/NZD, signaling a potential trend reversal. The structure closely resembles a Bullish Bat/Gartley pattern, now confirming a long opportunity with the price reacting positively from point D.
Technical Overview:
Entry: 1.90500 (Activated)
The harmonic structure shows a clear X-A-B-C-D setup, with the D-point aligning at a deep Fibonacci retracement and harmonic convergence zone.
Price action has respected this PRZ (Potential Reversal Zone), confirming a bullish reversal signal.
Targets:
1st Target: 1.92600
Final Target: 1.96600
These levels correspond with past structure highs and Fibonacci projections.
Support Zone:
Key Support: 1.87450
If price closes below this level, it may invalidate the setup and require a reevaluation.
Trading Plan:
With the entry at 1.90500, the trade now seeks to reach the defined targets. Conservative traders might wait for a confirmed break above minor resistance before scaling in. Risk management is crucial—stop-losses should be placed just below the support area.
This setup combines pattern recognition and market structure for a high-probability long scenario.
Do you agree with this harmonic setup? Share your thoughts below and let’s trade smart together!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.