NZDCAD - Short Term Gartley-like pattern LongAnother learning experiment for me and perhaps a money making opportunity for someone out there.
Happy trading.
Ggekkotrader
GBPNZD - Short Term BAT? Let's see...I don't usually trade harmonic chart patterns off the lower timeframes. So don't take my word for it on this one. Publishing for two reasons: to see how it plays out (learning) and in case if someone out there is interested in these sort of short term set ups
GBPUSD - 1H - ABCD - CD Leg in development - SHORTTrading a possible CD leg development for possible ABCD pattern on 1H time frame. This is a speculative trade so I don't usually risk much on it.
Logic is that point C is a retracement pivot point which ensues an impulse wave in direction of trend (in this case down) and will exhaust itself at projected D point.
I take this sort of trades only in direction of my prevailing bias on an instrument. Since my bias on GBPUSD is bearish at the moment, this trade is in line and I am comfortable to risk a little on it.
Trade is market up to T1 level. If price breaks through this level on strength then I will hold till the next level of fib confluence below is reached.
I then may take partial profits and trail the rest.
Happy trading all
