Hello traders, here is a short term opportunity on the 1h chart with NZD/CAD.
A valid bullish gartley pattern has fully formed with a 1:2 risk to reward.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
If you want more trading inspiration be sure to connect with me below :)
A valid bullish gartley pattern has fully formed with a 1:2 risk to reward.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
If you want more trading inspiration be sure to connect with me below :)
Note
Quick update on the daily chart for those not in the Telegram channel.Note
NZD/CAD is running in profit right now, to all those holding you will want to manage your position at 0.382 as shown below.Once we reach this price level I would advise moving your stop loss into profit or closing your position to secure around 2%.
The B point has proven to be a key level of resistance, we need a clear break above this level in order to achieve our targets.
Note
0.382 has now been achieved, make sure your stop loss has been moved into profit or close your position with an average 2% gain.Trade closed: target reached
Well done to all those who took this position, have an excellent weekend everyone!!!
📈 Master the Art and Science of Trading: sixfigurecapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Master the Art and Science of Trading: sixfigurecapital.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.