Akil_Stokes
Short

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.

See you guys in the workshop! Remember we have guest speak BJ Nash coming in today to work with you on trading psychology . Giving me time to actually do some trading ;-)
Check Out These Free Training Lessons
https://tieronetrading.com/the-process-of-trading/
https://tieronetrading.com/the-truth-about-forex-trading/

Over 500 Free Videos - Subscribe To My Youtube Channel
https://www.youtube.com/akilstokes




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.
Reply
If breaks above 0.76, is it not a bull signal because of the triangle pattern ?
Reply
We have to go bullish in order for the pattern to complete
Reply
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 ;)
Reply
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.
Reply
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
Reply
shouldn't AB leg be a 0.618 retracement of xA??
Reply
Akil_Stokes michalis.sideris.9
Correct, for a gartley pattern the 61.8 must be achieved.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out