Fxprotrader
Long

EURNZD Pending Bullish Gartley Pattern

FX:EURNZD   Euro / New Zealand Dollar
In a previous post on EURNZD             we saw a potential breakout above a daily downtrend that would signal a big up move in the upcoming months with plenty of buy opportunities in it (click the link below). Price has broken above this trend and it's now consolidating. In this consolidation we have a pending bullish gartley pattern. Someone can trade it with the using the classic rules of stoploss and targets. Another way is, if price reaches the 0.382 target just to move your stoploss at breakeven and let it run. If price breaks above the consolidation you will be in a tremendous risk/reward trade.

I will personally go with the second option.

Daily Structure
Trade active
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out