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bizlus
Jun 1, 2018 8:38 AM

Risky NZDUSD SHORT Gartley? 100 pips  Short

New Zealand Dollar/U.S. DollarFXCM

Description

Beware of the news over in a few hrs -- !!! Dangerous late entry !!

However, we have a Gartley!
Point B - price retraced XA, closed at 0.618, candle wick not beyond 0.786
Point C - then price retraced AB, closed bw 0.618 & 0.786
Point D - then price retraced extended AB up to 1.272 zone

20 pips SL, two trades TP at .382 & 0.618 respectively
Total 100 pips

Careful if you're entering late (i.e. now!)

Remember to trade your plan - babypips.com/learn/forex/what-is-a-trading-plan.

#Follow @bizlus

Trade closed manually

TP1 at 0.382 did work on a slow spread broker account.

To me this move is technically expired. NZDUSD generally bullish.
Comments
cryptdee
Good luck brave one! I have a tiny USD position open on EUR trading through NFP..lets see how that turns out
bizlus
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