VERY CLOSE TO BIG LONG ON EURNZD

There is a harmonic pattern in formation on the EURNZD which will push the price down to the 1.489 area, which also coincides with the 0.786 FIB of the last big swing. This is the potential area in which to find a reversal area to go long. Proper setup to be defined.
Entry level (approximate - no reversal pattern found as yet): 1.489
SL: to be found.
Target: 1.5795

Comment:

Comment:

Short.
SL over "D" point.
Target: 1.489

Comment:

I apologize. Wrong pattern, but same concept.

Comment:

stop over "C", same target.

Trade closed: stop reached:

Ok, we got stopped out on a small loss there, but trade is valid. I don't see any more upward movements on the pair. Let's be cautious and reduce size, putting our stop loss above second weekly resistance.
Entry level: 1.554
SL: 1.571
TP: 1.4892
R/R: 3.46