NZDCAD is in a bearish trend in 1H time frame. I have switched my time frame to 15min as there is no divergence is observed in 1H, 30m and 15min time frames. I have placed ABCD Bullish reversal Harmonic to predict the Potential Reversal Zone (PRZ at Point D). After determining the PRZ I placed an instant sell order by Market Execution. My TP is way above the PRZ so I have taken a risk/reward of 2%.
The Signal is:
EP: 0.83430
SL: 0.83100
TP: 0.83100
RR: 2%
Lots: 1.71
The Signal is:
EP: 0.83430
SL: 0.83100
TP: 0.83100
RR: 2%
Lots: 1.71
Trade closed: stop reached
ABCD Harmonic didn't play well in 15min time frame.
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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.