nzdusd. potential sell Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Oct 9, 2019 7:29 AM

A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.7-0.8XA
C-point: 0.4-0.5AB
Entry(limit order): 0.85XA
Stoploss(stop order):1.19XA
Target(limit order): 1.4 to 1 RR

Historical performance:
First bar in history: 1999.01.04 09/00/00
Total patterns found: 43
Number of winners: 26
Average winner: 30.2 pips
Probability of win: 60.47%
Average RR: 1.33
R-expectancy: 0.4060

Trade active

⋅ Oct 9, 2019 9:20 AM

Trade closed: target reached

⋅ Oct 9, 2019 3:00 PM

Comments

Alexander_Nikitin

⋅ Oct 9, 2019 8:46 AM

you are welcome to leave your comments here

YBearBull

⋅ Oct 10, 2019 9:40 AM

Great trade Alex as always

Alexander_Nikitin

⋅ Oct 10, 2019 2:31 PM

@YoussefMehni, thank you

rludvik

⋅ Oct 9, 2019 6:05 PM

Again very nice idea!

Alexander_Nikitin

⋅ Oct 9, 2019 6:11 PM

@rludvik, thank you. your feedbacks are appreciated. don't stop posting them:D

Jollymolly

⋅ Oct 9, 2019 12:51 PM

With Ur stop it can even go 0.625 and 0.62... Nice!

Alexander_Nikitin

⋅ Oct 9, 2019 2:28 PM

@Jollymolly, 0.6303 is optimal wiht this stoploss

Jollymolly

⋅ Oct 9, 2019 8:16 PM

@Alexander_Nikitin, excellent work! I am still holding my short.. Expecting fall towards 0.62 if 0.634 not taken out...

Alexander_Nikitin

⋅ Oct 10, 2019 3:23 AM

@Jollymolly, Hope your expectations are based on a profound market research. Otherwise you are gambling using such a tp.