FX:NZDUSD   New Zealand Dollar / U.S. Dollar
6269 31
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?
@asgcorp, thank you for your comment
Great setup! I am also waiting for short opportunity on this pair!
@mdzulfid, thanks:)
@surinex3, you are welcome
I also agree:
@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
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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