GBPNZD SLIGHT AMBIGUITY EXISTING
I GOT THE FIRST GARTLEY PATTERN, NOW I'M SEEING THIS SETTING UP. UPON COMPLETION OF THE 61.8 OF THE GARTLEY, I'M EXPECTING A 38.2 PULL BACK. HOWEVER I ALSO SEE A POSSIBILITY OF A FURTHER MOVE DOWNWARDS SINCE OUR LARGER STRUCTURE NEVER TOUCHED ITS 38.2 PULLBACK, SO A REVERSAL CAN MEAN A MOVE DOWN TO THIS LEVEL.
THE OTHER SIDE OF CONFUSION LIES A CYPHER PATTERN THAT HAS COMPLETION A BIT HIGHER THAN OUR 61.8%. I'VE SET STOPS TO ABSORB THIS MOVE IN CASE THE MARKET DECIDES TO GO IN THIS DIRECTION. NT A BIG PAY OUT TRADE, BUT IT'S WORTH THE SHOT.
WHAT DO YOU THINK?
THE OTHER SIDE OF CONFUSION LIES A CYPHER PATTERN THAT HAS COMPLETION A BIT HIGHER THAN OUR 61.8%. I'VE SET STOPS TO ABSORB THIS MOVE IN CASE THE MARKET DECIDES TO GO IN THIS DIRECTION. NT A BIG PAY OUT TRADE, BUT IT'S WORTH THE SHOT.
WHAT DO YOU THINK?
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