Bullish Gartley Completed On Weekly Charts Of NZDUSD!
Updated
Bullish gartley pattern has been completed however the RR on this one will be around 0.8 which is not favorable in our trading scenario. i am awaiting a slight retracement to make the RR 1:1 before going LONG on this trade. For those that wish to enter at the moment you all can at your own risk. i will update if there is any developments in the near future. cheers and happy trading
Note
Great LONG TERM trade to execute. this pair is highly stretched to the downside and is bound to recover any time soon. this pattern is a strong confluence factor suggesting this outcome. i am awaiting slight retracement now before executing this trade.Note
Though it has to be said the above trade has more rewarding RR compared to the NZDUSD. Both are positively strongly correlated. i am awaiting slight confirmation before going LONG on the KIWI.
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