FX:NZDUSD New Zealand Dollar/U.S. Dollar
Small Gattley on NZDUSD .
I want to share something with you guys. I noticed that a lot of the Gartley patterns get hunted. I mean the price hits my SL and then immediately reverse and hit targets. I have seen this happen a lot in back-testing the Gartly pattern. Some of the causes of this phenomena are the market makers, hedge funds and banks. I am researching if increasing my SL with the Gartly patterns is a good idea.