Snehath
Long

NZDUSD Shark pattern happening at 0.77 region

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
3 weeks ago I posted that the 0.77 level is key to watch for NZDUSD             . I see a nice pattern to enter a long position. Will look for further confirmation before pulling the trigger.
Trade active: Beautiful harmonic reaction at the 0.77 level. I am up about 40 pips and will switch the BE and continue to hold this for a big move.

There is a triple bottom in the H4 chart suggesting a strong reversal
Comment: Type 2 test of the M30 trade
Trade closed manually: High impact news - closing the trade with a 20 pip loss.
What is Type 2 test?
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Snehath yousimon
This is something we use in harmonics trading. A Potential Reversal zone (PRZ) can be tested 2 times.

The first test is a fast reaction and the 2nd one usually results in a bigger move.
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