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Fxprotrader
Nov 12, 2015 8:02 AM

GBPZND Bearish Gartley To End a Corrective Structure Short

British Pound/New Zealand DollarFXCM

Description

After a massive sell off GBPNZD has been in a corrective structure for a couple of weeks. Price now has reached a key resistance level where we have indetified a bearish gartley pattern with D point at the resistance level. I believe that this harmonic will end this corrective structure breaking a long term support level.

Stoploss and profit targets as shown at the chart. I will trade this setup entering with two positions. If price reaches the first profit target i will move stoploss to breakeven to the second one.

Like and comment if you agree,
John

Trade closed: stop reached

Comments
tntsunrise
I like and comment both! I agree haha
Fxprotrader
Hahaha.. Thank you tnt. I liked your massive 1000 pips trade.. Epic trade..!
tntsunrise
Thank you !
What happen next : After I took profit at 180. i went long again and get 700 pips
Fxprotrader
Brilliant tnt.. Keep it up..!
tntsunrise
u too! let's make more powerful ideas and trade it!
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