NZD.JPY - Bearish Gartley Setup - 74.483

FX:NZDJPY   New Zealand Dollar / Japanese Yen
On the NZD.JPY 1h chart we have a potential short opportunity at the D leg completion of a bearish Gartley .

The price reversal zone on this pair is at 74.483 & 74.631
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 127.2% - 141.4% - 88.60%
AB=CD Completion - 74.415

Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 73.593
Stop loss would be placed above X leg structure resistance .

I also worked this and entered the trade. There is a good reversal candle signal but price action seems to be just floating at the .786-.886 range. Good call Tom.
+1 Reply
TomHall Carlos_LL
Let's see how it goes, nothing can be done now but trade the plan.
Have a good day
Sir is this trade active??
+1 Reply
TomHall saiaanfx
The pattern itself is valid to take, however i am not short yet.
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