EURNZD ADVANCE HARMONICS PATTERN GARTLEY BULLISH
Hello Traders! Let's Delve into Harmonic Patterns Today
The EUR/NZD pair has formed an advanced harmonic pattern, specifically a Gartley pattern, on its hourly chart. This presents a promising opportunity for traders to capitalize on potential upcoming price movements.
Here are the details:
- The price is trading above the long entry level (EL) at 1.81762.
- Stops are set below point D (please specify the exact value for a more precise strategy).
🎯 Profit Targets:
- Target 1:
- 62% retracement: 1.83090
- 79% retracement: 1.83219
- Target 2:
- 127% extension: 1.84496
- 162% extension: 1.85316
Remember, harmonic patterns like the Gartley can be powerful tools in predicting potential reversals in the market. As always, ensure to manage your risk effectively and stay tuned for more updates.
Happy Trading!
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