Fxprotrader
Long

NZDUSD Watch For A Buy Setup After A Triple Bottom

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
414 4 19
Price has formed a triple bottom pattern meanwhile we have a MACD bullish divergence . We should watch for a buy setup at this level.
Comment: A bullish gartley is forming at this level which can be the buy setup we are looking for
Hi, Just curious to know/ Understand what went wrong with the gartley pattern. Thanks
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Fxprotrader VolcyWaveIntlx
Hi, if you used the 0.382, 0.618 fib levels of the AD move (classic profit targets for harmonics) that was a successful trade. I personally aimed for a much higher target. So when price hit the 0.382 fib i moved my stoploss at breakeven. So in either case nothing wrong went with this pattern :) I hope that helps..
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Great Explanation, It helps! thanks
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Fxprotrader VolcyWaveIntlx
I am glad for that!
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