Akil_Stokes
Short

GBPNZD: Patterns, Patterns, Patterns

FX:GBPNZD   British Pound/New Zealand Dollar
3 patterns resting here on the GBPNZD             . 2 Bearish Bats & a Bearish Gartley .
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so sell, sell, sell
+1 Reply
How do you choose which one to trade?
Reply
There are various techniques to approach a situation like this but the easiest way is to simply trade whichever occurs first
Reply
SanderVR1 Akil_Stokes
Thanks :)
I guess the best will be that gives best r/r ...
Reply
That's an option as well, but remember a bird in the hand is always better than two in the bush
+1 Reply
Interesting chart. Are you looking at volume information or only chart patterns Akil? Also, RSI 7 periods is an interesting choice. I've been following your charting for a while, really interesting approach. Thanks!
Reply
Hey Ivan, volume is irrelevant in the Forex market, because it can only be measured by what's coming through your broker and not the overall market so it's not doing to help us much with trading decisions. I like using a 7 period RSI over the usual 14 because I like to see a more recent look at the relative strength
+1 Reply
IvanLabrie PRO Akil_Stokes
Gotcha, I'm a bitcoin trader so I'm not that familiar with Forex. :) Keep them coming, great charting.
Reply
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