Another Gartley formation on NZDUSD
Hey traders,
this seems a dejavu but it's all real: we have another Gartley on NZDUSD. Furthermore, the bearish movement that broke and closed below the most recent low (XA) is signaling a bearish bias. Maybe NZDUSD is ready to continue the daily downward move after this retracement.
Anyway, when price comes so close to my entry (2 pips) i usually cancel my trade if price touches the hypotetical target1. So in this case, if price hit the 0,6930 level before the entry, i'm canceling the trade.
Stops above X, targets down at .382 and .618 of AD leg.
If you have any question or remarks, please fill the comment section below.
Otherwise, see you in the next chart!
this seems a dejavu but it's all real: we have another Gartley on NZDUSD. Furthermore, the bearish movement that broke and closed below the most recent low (XA) is signaling a bearish bias. Maybe NZDUSD is ready to continue the daily downward move after this retracement.
Anyway, when price comes so close to my entry (2 pips) i usually cancel my trade if price touches the hypotetical target1. So in this case, if price hit the 0,6930 level before the entry, i'm canceling the trade.
Stops above X, targets down at .382 and .618 of AD leg.
If you have any question or remarks, please fill the comment section below.
Otherwise, see you in the next chart!
Transaction en cours
Trade fermée: cible de profit atteinte:
First target achieved, second out at break even
