FX:GBPNZD British Pound/New Zealand Dollar
Hi, good questions. Patterns dont always work, even if they follow the rules. Most of them just have some reaction near the PRZ, I see may traders do this mistake and trade every pattern that appears. For me harmonic is just another tool, as prefer to use it at higher timeframes (H4 and higher). First i make a price action analysis (strong levels of S/R) and make fundamental research (the price follow the fundamentals.
dear cri, thanks for answering. i saw the image you posted but i can't understand one thing. the retracement should be a value between the 2 values or exactly one of the 2 values? example bull butterfly: AC 0.382;0.886. do we need to see one of these or just a value inside this range?