NZDUSD: Two Bearish Advanced Pattern within the Killzone

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1798 9 34
Following up on a trade I’ve been tracking all week (see attached chart) the NZDUSD             is now firmly in the “Killzone” that I identified & is showing 2 potential advanced patterns. The bearish Gartley pattern has already completed it’s D leg & there’s a potential bearish bat lurking a bit higher near that gartley’s “X” leg.

Which one is “the best” to take? Well that’s up to you. One will get you in the trade quicker with a worse risk/reward while the other you may have to wait for but will give you a better risk/reward. Either way, there should be something in your trading plan about how to handle situations like this because if you’re allowed to trade multiple advanced patterns these types of situations are going to occur more often than you think.

Also on my radar: EURUSD             , EURJPY             , USDJPY             & USDCAD            

Good luck today traders, and remember it’s Thursday so I’ve got my weekly video coming out later, so go ahead and subscribe to my youtube channel that way you’ll be the 1st to know when it’s released.

Akil Stokes
Chief Currency Analyst
Akil@Tradeempowered.com /@AkilStokesRTM /
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Akil, my man...you're on fire dude!
I just reversed and sold everything *usd ahead of jobs.
Looks like we might get a runner out of nzdusd.
Good luck to us!
Hey Akil, how you doing mate? Great eye, very simple and precise. Always appreciate you sharing your great ideas with all of us. All the BEST :)
+1 Reply
Akil_Stokes PRO moneymaking
Thank you
Nice post Akil - Bats all the way
+1 Reply
I'm with you on the Bat but I didn't see the Gartley till you pointed it out. But now that you pointed it out, I see it. It certainly fits in with the idea of the trend continuation and is hitting the top of the trend channel. But might be better to wait for the bat so prices will be deep within your "Killing Zone". .
+1 Reply
Akil_Stokes PRO EverythingForex
Yup, there's a give and a take to everything
Akil_Stokes PRO shahinsafarovzevs
+2 Reply
Tijmen_K shahinsafarovzevs
goedzo ajax ^^
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