EURNZD Bullish 2618 to Bearish Bat + Gartley + Butterfly

18 thg 12, 2015

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
  

Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!

18 thg 12, 2015

Giao dịch đang hoạt động

21 thg 12, 2015

Giao dịch được đóng thủ công

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

21 thg 12, 2015

Ghi chú

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

23 thg 12, 2015

Đã hủy lệnh

Second order cancelled. +29 pips total