Type
Live
Date
May 11, 2020
Pair
#eurnzd
TP1
11
TP2
Concepts
#reach_around
TRADE RESULT

BIAS & PAZ / SETUP

NOTES
Another beautiful example of a #reach_around pattern. Price was clearly correcting/consolidating on the HTF. After the last big impulse (4H) price reached back to the low to grab the liquidity (PAZ) Once that happens, we look on the LTF for our reversal patterns and we got RP10 (double flag) and one could enter on the break of the 2nd flag, with stop below the low of the first. Target was easy, the other side of the reach_around pattern where some clean highs waited with lots of liquidity, drawing price like a magnet. 11R on this one.