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
GcNaif GcNaif
when the upmove is done then u can jump on your shorts.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out