Risky NZDUSD SHORT Gartley? 100 pips
Updated
Beware of the news over in a few hrs -- !!! Dangerous late entry !!
However, we have a Gartley!
Point B - price retraced XA, closed at 0.618, candle wick not beyond 0.786
Point C - then price retraced AB, closed bw 0.618 & 0.786
Point D - then price retraced extended AB up to 1.272 zone
20 pips SL, two trades TP at .382 & 0.618 respectively
Total 100 pips
Careful if you're entering late (i.e. now!)
Remember to trade your plan - babypips.com/learn/forex/what-is-a-trading-plan.
#Follow bizlus
However, we have a Gartley!
Point B - price retraced XA, closed at 0.618, candle wick not beyond 0.786
Point C - then price retraced AB, closed bw 0.618 & 0.786
Point D - then price retraced extended AB up to 1.272 zone
20 pips SL, two trades TP at .382 & 0.618 respectively
Total 100 pips
Careful if you're entering late (i.e. now!)
Remember to trade your plan - babypips.com/learn/forex/what-is-a-trading-plan.
#Follow bizlus
Trade closed manually
TP1 at 0.382 did work on a slow spread broker account. To me this move is technically expired. NZDUSD generally bullish.
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