EURNZD - In Bearish TrendEURNZD is in bearish trend but to confirm that I had plotted ABCD Bullish Reversal Harmonic on the chart at 1D time frame. 1D time frame gave me a holistic view of the chart and at the moment the chart is going from point C to D. Now, I have changed the time frame to 1H and found the chart is in bearish trend with LHs and LLs. However, on smaller time frames (30m, 15m) the chart has a bullish divergence and that is why I have chosen a pending order of Sell Limit. My trade is on the basis of 1H time frame and there is still a long way to reach point D of 1D time frame ABCD, I have selected two TPs (TP1 & TP2 - two orders).
The Signal is:
EP:
SL:
TP1:
TP2:
RR: 2% (Total)
Lots: 0.45 x 2