Price formed ABCD Harmonic Reversal pattern with a neckline as current Temporary Resistance.
• ✅ Entry is triggered only after no new lower low is formed and higher high and higher low is printed.
• Instant Buy
• Stop Loss is at the recent lower Low (safe and logical placement). A bit lower than D Point
• 🎯 Take Profit levels are based on measured move projections.
Trade Plan:
• Instant Buy = 1.76767
• Stop Loss = 1.76106
• Take Profit 1: 1.77428
• Take Profit 2: 1.78057
• Lot size : 1:2 Risk Reward Ratio
EURAUD is forming a Harmonic Reversal pattern.
Key Highlights:
• ✅ Pattern: ABCD
•⚠️ Confirmation: on PRZ price bounced + Bullish candle
• 🔄 Risk Management: Tight SL, 2 TP levels
• 🧩 Confluence: ABCD + Price bounced on D point
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.
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.