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dionvuletich
Apr 24, 2015 11:22 AM

NZDUSD 2618 TRADE WITHIN BEARISH GARTLEY Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD 2618 TRADE WITHIN BEARISH GARTLEY

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You guys rock...
Comments
anthony.pham00
I've got a bat pattern which completes at 0.7694. If you draw a fib retracement from the double top to swing low, you'll find that ratio confluence at 0.7694...
So I'll be placing an limit order at that level but if it hits 61.8 and then reverses then ill look to enter at market.
dionvuletich
Thanks for your comment, agree with you... but I don't trade <4hr charts because I cannot take them all - but a 3 wave correction back up on a 30min - 1hr chart would be even better.

I'm short on the bearish gartley shown but if it hits my t1 first then I might reenter if the 2618 triggers with a 1hr close below a ma around the 61.8%
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