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Roker1
Jan 31, 2017 12:12 AM

Gartley on NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hey guys,
not much on my radar today (except the winning trade on USDJPY). Nonetheless i've found something valuable to share with you.
It's a trading opportunity on NZDUSD that starts from the higher timeframe. On the daily we are at the completion point of a Cypher pattern; at the same level we can notice also structure (black line). That's why i began to look for trading opportunities on lower timeframes, such the hourly.
In this chart you can see a Gartley advanced formation, that usually occurs in consolidation patterns. Its completion happens to be really close to the line i've drawn, therefore i'm setting my orders up.

If you want to share your standpoint or just to ask questions, you can easily write below.
Otherwise, see you in the next chart!

Trade closed: stop reached

Comments
musiq787
Good trade either way. Sticking to your stops.
Roker1
Hey @musiq787, well said!
asapr
LOL
ianchris
@asapr, what's so funny? This isn't a comedy channel, mate!
asapr
@ianchris, found the set up funny and i aint your mate.
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