joelduque

2018Jun12 NZDCAD H1 Possible Bullish Gartley

Long
joelduque Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
There is a possible bullish Gartley for NZDCAD. Upon D completion at 0.91024 (78.6 of XA) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bullish Gartley
Price Entry 0.91024
SL 0.90752 | SL pips 27.2
TP1 0.91296 | TP1 pips 27.2
TP2 0.91465 | TP2 pips 44.1
TP3 0.91737 | TP3 pips 71.3
RRR1 1.00 | RRR2 1.62 | RRR3 2.62
Order cancelled:
This setup is cancelled as price did not retrace to 0.91024 (78.6 of XA) before going to TP1. (June 14)
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