moneymaking
Long

EURNZD: Potential completion of Gartley pattern

FX:EURNZD   Euro / New Zealand Dollar
On EURNZD             Daily chart , there might be a potential completion of bullish Gartley pattern. Note that the D point completion is where we also get ratio confluence between 78.6% and 127.2% extension of AB leg. Might want to get better conformation (either bullish divergence on RSI or trend reversal candle), before jumping into the trade.

Trade Setup:
1. Use your trade management for the lot size
2. Long at 127.2% extension of AB leg OR wait for a solid D point completion
3. Stops go 10 to 20 pips below the X point
4. The 1st target is 38.2% retracement of AD leg. When 1st target reached, move stops to break even
5. The 2nd target is 61.8% retracement of AD leg

Please correct me if I have made any mistakes, by leaving a comment below. Thank You.

Trade safe, Enjoy!!
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