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joelduque

2018Oct23 EURNZD H1 Bearish Gartley

Short
Euro / New Zealand Dollar (FX:EURNZD)  
joelduque  
FX:EURNZD   Euro / New Zealand Dollar
Harmonic Patterns Gartley Fibonacci
2
0
harmonicpatterns gartleypattern fibonacci
EURNZD has been on a downtrend and a bearish Gartley has formed. Upon confirmation of the bearish bias, I will go short. The take profit target is set at the 61.8 Fibonacci retracement level of the leg AD while the stop loss has the same number of pips as TP1. Trade details are as follows:

Trade Setup: Bearish Gartley
Price Entry 1.75143
SL 1.75748 | SL pips 60.5
TP2 1.74163 | TP2 pips 98.0
RRR2 1.62
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