Miloslaw
Short

NZD/USD POTENTIAL BEARISH GARTLEY

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
9 months ago
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.
9 months ago
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.
9 months ago
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.
9 months ago
Trade closed: target reached: Target reached on trade closing @0.66190 (61.8)
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