FX:NZDUSD   New Zealand Dollar / U.S. Dollar
A unified gartley is completed on NZDUSD , 30M. The swing identification algorithm is prex(12).

Historically, on this pair and this timeframe (30M), the pattern with this swing identification and with these ratios (B-point is 0.387and C-point is 0.979) has a higher probability for a continuation (down till 1.05XA) rather than for a reversal (same distance in opposite direction (up till 0.522). The exact probability numbers are 47.06% for a reversal and 52.94% for a continuation.

My personal approach is to trade this setup as a continuation. Sell order was executed at 0.786XA. Here 1.05XA is the TARGET and 0.522XA is the STOPLOSS.

This is not a trade recommendation for you. Don't trade this pattern if you didn't do the backtest of the strategy. This is simply a demonstration of my approach. Check the related educational ideas below this post to learn more about how I chose the direction of trading.
Trade closed: target reached
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

My YouTube channel: https://www.youtube.com/user/alexniquitos/
Thanks a lot!
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Ive entered on this advanced pattern. Markets producing a number of similar opportunities this week
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@Roscoero, This is not an advanced pattern. This is UG.
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I clicked on play and this is all I have to say. Weak hand! By closing early you clealry missed a solid half pip in profit!
You are just shorting the NZD because you are sour you missed out your chance to buy cheap at 0.50 back in 2009.
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@MrRenev, So, you suppose I should give up my approach of taking targets which is based on probabilities of thousands of patterns tested, and adopt your approach of taking targets, which is based only on your words? What a nonsense!!!
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MrRenev Alexander_Nikitin
@Alexander_Nikitin, That's what the bears said last time, and the time before that, and the price kept rallying to new highs. HAHA!

Stop spreading FUD.

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@MrRenev,
What bears are you talking about? What you say has nothing to do with a 16 pips sell trade that I posted on the chart.
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MrRenev Alexander_Nikitin
@Alexander_Nikitin, I do not know if it makes sense but when I post a short idea or make or bearish comment on crypto I get tons of answers like this and they get alot of likes.
I was just curious if in other markets it would have the same effect or I'd just end up looking dumb. I guess second one feelsbadman.
+1 Reply
@MrRenev, I think it is not about the market. The audience here is a bit different:)
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Great idea, I have the same bearish view on NZDUSD let me know how you think

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