kschiangb6

Bullish Gartley Forming on NZD/CHF 4-Hour Chart

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
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Here's another harmonic pattern forming up on the 4 hour chart of the NZD/CHF pair. This time it is a Bullish Gartley . The Fibonacci ratios where the various legs retrace to makes this an almost perfect Gartley Pattern in my opinion. Please feel free to read my blog post at: http://simplychartpatterns.wordpress.com... for more details on the various levels of confluences and my personal trade plan for this particular setup.

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Unfortunately, this one did not reverse up as planned... Hit my trailing stops for a small 0.4% loss on my account. Losses are part and parcel of trading. The key is to keep and control the losses to be as reasonably small as possible.
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