+250 pips EURNZD XABCD Short From PRZ/D Advanced

13 Feb

🔸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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