Fxprotrader
Long

GBPNZD Pending Gartley & AB=CD Patterns to Move Price Higher

FX:GBPNZD   British Pound/New Zealand Dollar
162 0 9
In my analysis GBPNZD             is in a corective structure having already formed four of a five wave pattern. In its way to complete the fifth wave it will meet the D points of a gartley and a AB=CD bullish patterns. Actually the D point of the gartley completes a liitle higher than what i have drawn in the chart. But i will go with ABCD for my entry which gives me a better risk/reward ratio.

Stoploss and profit target as shown in the chart.

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