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ChrisThein
2 Th11 2015 18:06

NZD/USD 60 min Bearish Gartley Giá xuống

New Zealand Dollar/U.S. DollarFXCM

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There is a possible bearish Gartley setting up on the 15min/60min. Check your data. I'm going to leave a limit order at .6780 to sell with my stop at .6808. Just because price likes to gravitate towards those levels with a nice even handle. You could have a tighter stop though (see my two different stop areas.) I'm looking to take profits around .6735 and .6695 for a follow on target. Be careful of the Aussie rate decision; that will have a big impact on this pair. Good luck trading out there.

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The pattern is no longer valid. .6760 is a good structure to go short if price retraces and gives a nice rejection candle or double top. Good luck trading out there.
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ChrisThein
Also price did just complete an ABCD pattern. This would have been a but at .6724, so check your data if it hit the 1.272 extension. Sorry for the slow update. Chris
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