WendelinProbst
Long

GBPNZD: Gartley for the bulls

FX:GBPNZD   British Pound/New Zealand Dollar
I play Gartleys with D= 1.27 and not 0.786 of XA, but in this case that (probably) doesn`t make a big difference.
A Gap like this in the PRZ is a red flag for me. My experience tells me that > 75% of all Patterns get busted and stopped out, in case a significant gap occurs in the PRZ. But first, many of the gaps get filled, so if I had been already in as such a gap occurs, I would be setting the target to BE. Of course targets can still be hit (in 25% of all cases on my records) but chances dramatically deteriorate with the phenomenon of prices hopping over the potential reversal zone...I also activate Forex setup orders for the new week at the earliest, after the Asian session has started. So setup scratched...
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scratching that one was the right decision so far...
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