Potential Bearish Gartley On NZDUSD (VIDEO)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Before any trade can be classified as a good trade it must have a few things; 1.) A trade based on a trade plan that has been tested, 2.) A trade with a good risk to rewards ratio, 3.) A trade with a high probability of being a winning trade 4.) A trade against the general market trend. Now all these conditions don't have to be met but every successful strategy has at least 2 of those 4 things in it., it doesn't necessarily mean that the trade will be a winner but if you trade like that consistently over time then your results should be very good. This is exactly what this trade set-up has so we'll see if it can turn out to be a winner or not.

Watch my video analysis on this pair and also my signal service results.

do you think the trading idea will still be valid after todays rate decision ? Thank you Jo
It depends the profit you want. It seems we are in presence of an ascending triangle; so since your profit stays below 68,95 I think it is a safe trade. And after all there is also the possibility of a break out of the triangle in the upside.
great stuff, can we enter now or wait?
We haven't reached the entry point yet so we wait. Entry is at 0.6853
j_amui JoMarshall
Thanks. Will wait.
hi jo i love your work man you did a great job, by the way do you use the 5 mint time fram in pattern trading i mean does it work in the 5 mint or 15 mint ?
+1 Reply
JoMarshall faisalhasnoon
Hi Faisal, thanks for the feedback. Pattern trading does work on 5 min but you will have to be very selective and have a knowledge about structure. I don't trade 5 min time frame but I do trade 15 min time frame
Wow great videos! I am going to watch them all over the weekend when I'm home :)
+1 Reply
Thanks, i hope find it helpful
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