Nico.Muselle
Long

EURNZD - Bullish Gartley pattern at previous structure

FX:EURNZD   Euro Fx/New Zealand Dollar
A bullish bat pattern is about to complete in this consolidating price action. Completion aligns with previous structure and the 88.6% retracement of the anchor leg. A potential AB=CD pattern also would complete in the same area

Traditional targets :
38.2% for a > 3:1 RR
61.8% for a > 5:1 RR

Also take a look at my USDCAD             short idea (see link below)

Thanks for the thumbs up if you like my idea and may the pips be with you !

PS : This is the 100th idea I publish ... a little celebration ! :D
Comment: Corrected the title ... of course it is a Gartley Pattern, not a Bat ... the 88.6% level for completion in combination with not enough coffee must have confused me :)
Comment: We actually have 2 AB=CD patterns completing around our entry area, making it even stronger
snapshot
Trade active
Trade closed: stop reached: Market decided otherwise ... time to look for a new opportunity.
Hi Nico, is the pattern complete or you intend to buy at the 1.6573 mark?
+1 Reply
Hey, good question ! The pattern is not complete yet. Indeed I intend to buy at 1.6573 :)
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sorry wrong post
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No worries, seems I'm not the only one who is not awake yet ! :D
Have a good trading week !
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Thank you, Nico! and celebrate for the 100th idea. :-)
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Thanks for your comment Lucy ! Much appreciated ! :)
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this one is going up
huge in at 1.66 support trend line 50 , 200 moving average
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Thanks for sharing your view, I hope for you that you are right :)
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today there many good chances for us,good ideas for me!
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Thanks for your comment and good luck !
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at what price is the entry? is it the red thick dotted line? thanks
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Entry is 1.6568 according to the chart, but you might want to check your own rules for entry :)
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jaxx Nico.Muselle
Thank you. Could you tell me, when I have marked an idea as Favorite, where can I see it later? (The only place where I see something related to Favourite ideas is in My ideas button on the toolbar, but there I do not see other people's idea which I have marked as Favourite)
Thanks in advance
+1 Reply
If you like an idea, you automatically get a notification when an update to the idea is published
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jaxx Nico.Muselle
Yes, but still it would be nice to see all ideas, which I track at a single place. What is the purpose of the button Favorite on the idea?
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Hi Nico. My amateurish eye got me on an NZD/JPY long. Looks like it has legs to me over the coming days. Divergences daily and potentially weekly at trend line from 2009. As I say I am very much an amateur but 70 pips up so far and looking for pullbacks to add to long. Thanks for all your ideas and good luck!
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Hi Capra, thanks for sharing. That pair is not in my portfolio, but wish you good luck and loads of pips !
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Capra Nico.Muselle
snapshot
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Capra Capra
Always looking to learn from constructive criticism.
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Looks quite possible, don't know if the target is realistic though as we seem in a down trend. I would look for a 61.8% retracement of the last move down in this particular case, somewhere in your weekly inside bar zone
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Capra Nico.Muselle
Thank you for the input, very much appreciated, Nico. Thought I was being a bit ambitious. Thinking that a potential inside bar break might move it along a bit. Good luck!
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Good to have a SL :)
+1 Reply
I would NEVER trade without a pre-defined stop ! Keep the capital protected :)
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