Roker1
Long

Gartley's about to complete on EURNZD

FX:EURNZD   Euro / New Zealand Dollar
Hi guys,
today i want to share one of my usual setup when trading. It's an harmonic pattern and it is called Gartley . It will complete at the round number (1,4601) within the structure daily zone (blue box). Therefore i'm going to buy this market if and when price will hit my entry point, with stops below X and targets as usual for patterns.

If you want to ask questions, feel free to type them in below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached: First target hit! Stop to breakeven
Trade closed: target reached: Second target hit!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Nice harmonic setup
+1 Reply
@tamio, thanks!
Reply
Hey what is the function of the structure daily zone? It's not like a PRZ, you're not looking for a reversal signal, are you?
+1 Reply
Roker1 ianchris
Hey @ianchris, no it's different from the PRZ, it is not drawn out of the pattern completion, it is drawn on the daily chart and it basically tells me i can trade patterns that completes there without having confirmation signals.
Reply
ianchris Roker1
@Roker1, interesting. But why would take the trade lower then your point D? I mean your daily zone extends much lower than your D point
+1 Reply
Roker1 ianchris
@ianchris, i'm taking this pattern right at the D point, i don't care if this D point comes at the beginnning or at the bottom of the zone because i know i would put stops below that zone. Hope you understand, let me know if you have further questions!
Reply
ianchris Roker1
@Roker1, I posted another question simultaneously ...
Reply
ianchris Roker1
@Roker1, As far as I understand the zones extends downwards almost until point X where there was an S&R in the year 2015. So for me it would make sense to look for a reversal signal because price might easily decrease until point x
+1 Reply
Roker1 ianchris
@ianchris, the zone extends up to the lowest low of the most recent support (2017-02-07), if i have other confluence on the past, that's even better. If you want to be conservative and wait for a confirmation signal that's a good idea. For me, i trade patterns that completes there without any confirmation, and i have to follow my plan.
Reply
ianchris Roker1
@Roker1, alright thanks
+1 Reply
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