EURNZD Bullish 2618 to Bearish Bat + Gartley + Butterfly

EURNZD had formed a double bottom and retraced 61.8% to give us an entry for a bullish 2618 trade. At the 127% extension where profit is commonly taken, 3 bearish harmonic patterns may present themselves within a tight PRZ. On the higher TF, a larger bullish shark is emerging.

Trade 1: Bullish 2618:

• Entry at the 61.8% retracement level
  
• SL is placed below the double bottom
  
• Target is taken at the 127.2% extension
  

Trade 2: Bearish Bat + Butterfly + Gartley

• Entry in the center of the PRZ
  
• TP at .618CD (or move to B/E at this level and let the trade run toward the bullish shark completion)
  
• SL outside of 113% XA
  

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Transaction en cours

Trade fermée manuellement:

Bullish 2618 trade closed manually due to bearish engulfing candle formation produced on 1H chart.
+29 pips

Commentaire:

Note: Trade #2 Sell limit still valid if price should reach entry

Ordre annulé:

Second order cancelled. +29 pips total