FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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A potential unified gartley is setting up

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0. 5-0 .6XA
C-point: 0.6-0.7AB
Entry(limit order): 0.9XA
Stoploss(stop order): 1.1XA
Target(limit order): 1 to 1 RR

Historical performance:
First bar in history: 1999/01/04 9:00:00
Total patterns found: 35
Number of winners: 20
Average winner: 20.9 pips
Probability of win: 57.14 %
Average RR: 1.02
R-expectancy: 0.1550
Nov 18
Comment: Price didn't hit the entry by 0.4pips
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

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nice review and trade plan. I like it!
NU is also correlated to GU.
Here's my trade plan in GBPUSD with SL/TP for bears.
Nice setup for this week. What do you think?
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@asgcorp, thank you for your comment
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Great setup! I am also waiting for short opportunity on this pair!
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@mdzulfid, thanks:)
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thanks
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@surinex3, you are welcome
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I also agree:
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@vikinsa, thank you for your comment. what are your targets based on?
+1 Reply
vikinsa Alexander_Nikitin
@Alexander_Nikitin, here is how I analysed targets:

1. Bat pattern completion and a confirmation of rejection at fib confluence of 1.618AB and 0.886AXA put us in short position
2. I then need to adjust the structure for the CD leg hence adjusting targets a bit.
2. The first target will be at 38.2AD (around point B) and second will be at 61.8AD
Reply
@vikinsa,
Thank you for your answer.
So, your targets are based on 0.382 and 0.618 retracement of the AD move. These targets are preached by Bat Pattern creator - Mr. Scott M. Carney and the guys who follow his works. But, you personally, have you ever tested these targets yourself or you only take for granted what others say?
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