kschiangb6
Long

Bullish Gartley Forming on NZD/CHF 4-Hour Chart

FX:NZDCHF   New Zealand Dollar/Swiss Franc
274 1 0
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/2012/11/14/bullish-gartley-pattern-forming-on-nzdchf-4-hour-chart/ for more details on the various levels of confluences and my personal trade plan for this particular setup.
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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