NZDUSD: Potential Bearish Gartley on the 4hr

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
We currenty have an AT MARKET bearish Cypher pattern on the hourly timeframe, but if that pattern gets busted...or hits targets and rolls up (which would be my preference) we have a very deep bearish Gartley setting up here on the 4hr chart. Whether you use an ATR, 113, or 10-20pip stop loss the risk reward should still be fantastic since the completion is so close to X.

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Related Ideas

Also a possible butterfly pattern if it decides to go the other way, but first will need to push up through 7708ish resistance and into a 127 completion.
If breaks above 0.76, is it not a bull signal because of the triangle pattern ?
We have to go bullish in order for the pattern to complete
thanks for the shared idea, made me a few pips yesterday. 100 percent nzdusd trader ;). I never trade this pair but That doji made me greedy ;)
Weird, the B retracement of X-A on my MT4 platform runs up into the 78.6 triggering a butterfly, if the pattern completes the 127 extension should complete at above structure at around 0.778.
I have noticed on other occasions that trading view and MT4 seem to be off by a few pips.
Rememeber that there is no single central market, so one brokers data will often be slightly different than the next brokers
+1 Reply
sir, im still confuse, where is the entry point for gartley, the 78.6 of leg XA?. or the 127-161.8 of leg BC?.. tnx for the reply..
+1 Reply
Akil_Stokes thomastsibayan
It's the 1.272 for me
shouldn't AB leg be a 0.618 retracement of xA??
Akil_Stokes michalis.sideris.9
Correct, for a gartley pattern the 61.8 must be achieved.
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