J_Graystone
Short

GBPNZD 60 Min Gartley (Bearish)

FX:GBPNZD   British Pound/New Zealand Dollar
165 5 14
Not a very deep Gartley but still offering more than a 1 to 1 risk reward if you use 1 x ATR based Stops or even a 1.13 Fib Inversion Stop. If you use the traditional stop rule of 10 pips, then you
Entry at 2.3280
Target 1 at 2.3106
Target 2 at 2.3002

Stop options

1 x ATR = 2.3425s
1.13 Fib Inv = 2.3460s
10 pip Stop = 1.3395
GcNaif MOD
a year ago
good one gray,i would say make use of that CD leg pips,it may go beyond D
Reply
GcNaif MOD GcNaif
a year ago
when the upmove is done then u can jump on your shorts.
Reply
jarodp42
a year ago
Agreed with GcNaif. Look for this to make a run to 2.344-2.345ish. But nice chart and good prediction!
Reply
Fieldgate
a year ago
J_G......I'm still learning, so bear with me as I keep dropping to sleep on the train reading 'trade what you see' - but isn't core premise of Gartley AB=CD ? And if so - isn't this more likely to then peak out at the 886 retrace ? but then does that then preclude it being a valid harmonic pattern ??

Bottom line - still lots to learn for me...but watching....dropping down a timeframe, watching momentum and looking for reversals....but then there's high impact NZD news tomorrow tonight. Aggghhhhhhh.......boom.

And people think this trading mularky is easy
Reply
pyramids_Forex
a year ago
Hey,
Can anybody explain ART Stop loss please
Reply
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