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: 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.
Comments
kschiangb6
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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.