DanielParra99

NZDUSD (Gartley Pattern and other Harmonic's) -1h Chart

Long
DanielParra99 Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Harmonic pattern's inside consolidation

=Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
- Third TP would be back to where it all started

=Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 - 0.886 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)

= Deep Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 1.13 (Fibo X-A) on this case price is extending, because of major Gartley Pattern
- take profits at 0.382 and 0.618 (Fibo A-D)
- third TP would be long term back to where it all started

Good Trading. -1h Chart
Comment:
Double Floor at 0.786 - 0.886 area with huge bullish divergence inside MACD
Good Trading. -1h Chart
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.