Pair: EUR/NZD
Timeframe: 4H
Platform: OANDA
A bullish harmonic formation has been completed on the 4H chart of EUR/NZD, signaling a potential trend reversal. The structure closely resembles a Bullish Bat/Gartley pattern, now confirming a long opportunity with the price reacting positively from point D.
Technical Overview:
Entry: 1.90500 (Activated)
The harmonic structure shows a clear X-A-B-C-D setup, with the D-point aligning at a deep Fibonacci retracement and harmonic convergence zone.
Price action has respected this PRZ (Potential Reversal Zone), confirming a bullish reversal signal.
Targets:
1st Target: 1.92600
Final Target: 1.96600
These levels correspond with past structure highs and Fibonacci projections.
Support Zone:
Key Support: 1.87450
If price closes below this level, it may invalidate the setup and require a reevaluation.
Trading Plan:
With the entry at 1.90500, the trade now seeks to reach the defined targets. Conservative traders might wait for a confirmed break above minor resistance before scaling in. Risk management is crucial—stop-losses should be placed just below the support area.
This setup combines pattern recognition and market structure for a high-probability long scenario.
Do you agree with this harmonic setup? Share your thoughts below and let’s trade smart together!
Timeframe: 4H
Platform: OANDA
A bullish harmonic formation has been completed on the 4H chart of EUR/NZD, signaling a potential trend reversal. The structure closely resembles a Bullish Bat/Gartley pattern, now confirming a long opportunity with the price reacting positively from point D.
Technical Overview:
Entry: 1.90500 (Activated)
The harmonic structure shows a clear X-A-B-C-D setup, with the D-point aligning at a deep Fibonacci retracement and harmonic convergence zone.
Price action has respected this PRZ (Potential Reversal Zone), confirming a bullish reversal signal.
Targets:
1st Target: 1.92600
Final Target: 1.96600
These levels correspond with past structure highs and Fibonacci projections.
Support Zone:
Key Support: 1.87450
If price closes below this level, it may invalidate the setup and require a reevaluation.
Trading Plan:
With the entry at 1.90500, the trade now seeks to reach the defined targets. Conservative traders might wait for a confirmed break above minor resistance before scaling in. Risk management is crucial—stop-losses should be placed just below the support area.
This setup combines pattern recognition and market structure for a high-probability long scenario.
Do you agree with this harmonic setup? Share your thoughts below and let’s trade smart together!
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