DECODING EURNZD

Tendency: Uptrend ( Bullish )
Structure: Harmonic | Cypher
Observation: i. Point B retracement of the primary XA leg lies at an approximate of 0.786.
ii. Point C falls within the 1.272/1.414 projection of the primary XA leg.
iii. 0.786 retracement of XC @ 1.66000 zone confirms completion of the harmonic pattern.
iv. Price above our Moving Averages.
Trading plan: BUY possibility with minimum potential profit @ 550 pips total.
Risk/Reward: 1/2
Potential Duration: 4 to 8 days

** Please note that Stop Loss/risk-reward ratio is subject to individual risk appetite per trade and account size.

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.


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