Miloslaw
Short

NZD/USD POTENTIAL BEARISH GARTLEY

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
9th Post. FX:NZDUSD            

Any comments and suggestions are welcome.

Let me know if you guys agree or disagree.

This is on the 4 hour charts; you can see that a Gartley Pattern have completed and the trade would have been a success hitting both targets 1 and 2 (38.2 and 61.8). Unfortunately, my order didn't hit despite having it on the tick before reversal. However, there is a second potential Gartley forming. Hopefully we will see the exact same thing happen, but with my order filled. Regardless, it is a good potential trade 1.38:1.
Trade closed: stop reached: Although stop reached on this trade, there is a potential Cypher pattern forming now.

127.2 already hit on the fib extention @0.67709 for a potential valid D leg.
Trade active: Opened short @0.6759. If we look back, there is structure at the current price (acting as resistance currently).

And as mentioned there is that potential Cypher forming, so I am happy with opening a small low risk short here with stops above 141.4 level to be safe. Might as well risk some extra pips as it doesn't make a huge difference.
Trade closed: target reached: Target reached on trade closing @0.66190 (61.8)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out