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
Hey,
Can anybody explain ART Stop loss please
Reply
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
Agreed with GcNaif. Look for this to make a run to 2.344-2.345ish. But nice chart and good prediction!
Reply
good one gray,i would say make use of that CD leg pips,it may go beyond D
Reply
when the upmove is done then u can jump on your shorts.
Reply
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