InsiderB
Short

Short NZDUSD : Bearish Gartley, Dual ABCD's @ Resistance zone

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Seriously , I dont need anymore reason to short this NZDUSD . Both ABCD's ends up around the resistance zone and Deep bearish gartley , so why wait ? I initiated My short positions in NZDUSD , the risk was small compared to the reward. Just one thing, Two or many patterns indicating same direction of trade is just for confidence only, it wont assure 100% success of the trade. Always check your plan before trading,

Happy Trading !
Comment: Well, that was fast.Target 1 Achieved, trailing stops for target 2.

Comments

WOW, Thanks sir
+2 Reply
InsiderB raoadnan84
All the Best for the Trade !
Reply
mannemnp InsiderB
Boss. How do you define those angles? If any detailed post on above set will be helpful for many of new bees like me.
Reply
InsiderB mannemnp
You mean those ratio's ? it will come automatically if you use Pattern tool available in tradingview, it will come automatically. There is no angle about patterns, only Fib ratio's. Google you will know more for sure !
Reply
on the 4hr chart, has the right shoulder been formed ? it seems to hit a resistance level around 0.73450 several times and it went south. appreciate your views.thks
+1 Reply
InsiderB dchua1969
Yes it is head & shoulder pattern...good Eye !
Reply
I thought point D must be 0.786 of XA for gartley setup
+1 Reply
You are perfectly right Jiman. When I opened charts for the Day, Nzdusd was above 0.786, which reduced my risk, so I entered gladly :)
Reply
I am with you, Green pips wow
+1 Reply
InsiderB raoadnan84
Just a good day, so it moved down so fast. Won't happen everytime !
Reply
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