Hi guys,
on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the overall picture is toward the upper direction, i'm taking this trade directly at the D point, with stops below the low and targets as shown above.
If you have any question, please let me know.
Share your ideas if you want.
Otherwise, see you in the next chart!
on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the overall picture is toward the upper direction, i'm taking this trade directly at the D point, with stops below the low and targets as shown above.
If you have any question, please let me know.
Share your ideas if you want.
Otherwise, see you in the next chart!