moneymaking
Long

EURNZD: Crab pattern completion (Daily)

FX:EURNZD   Euro Fx/New Zealand Dollar
Potential Bullish Crab Pattern formed on Daily chart . The pair is currently oversold at the D point completion. Stops can be 10 to 20 pips below 200% extension level of XA leg.

Trade setup:
1. Choose position size lot based on your preference
2. Long at 161.8% extension of XA leg (D point completion)
3. 1st target is 38.2% retracement of AD leg
4. 2nd target is 61.8% retracement of AD leg
5. Once 1st target achieved, move stops to break even

NOTE: Overall trend is still bearish and this is a counter-trend trade.

Trade Safe and Good Luck to all !!
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