9th Post.
NZDUSD
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
This is on the 4 hour charts; you can see that a Gartley Pattern have completed and the trade would have been a success hitting both targets 1 and 2 (38.2 and 61.8). Unfortunately, my order didn't hit despite having it on the tick before reversal. However, there is a second potential Gartley forming. Hopefully we will see the exact same thing happen, but with my order filled. Regardless, it is a good potential trade 1.38:1.
NZDUSD
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
This is on the 4 hour charts; you can see that a Gartley Pattern have completed and the trade would have been a success hitting both targets 1 and 2 (38.2 and 61.8). Unfortunately, my order didn't hit despite having it on the tick before reversal. However, there is a second potential Gartley forming. Hopefully we will see the exact same thing happen, but with my order filled. Regardless, it is a good potential trade 1.38:1.
Trade closed: stop reached:
Although stop reached on this trade, there is a potential Cypher pattern forming now.
127.2 already hit on the fib extention @0.67709 for a potential valid D leg.
127.2 already hit on the fib extention @0.67709 for a potential valid D leg.
Trade active:
Opened short @0.6759. If we look back, there is structure at the current price (acting as resistance currently).
And as mentioned there is that potential Cypher forming, so I am happy with opening a small low risk short here with stops above 141.4 level to be safe. Might as well risk some extra pips as it doesn't make a huge difference.
And as mentioned there is that potential Cypher forming, so I am happy with opening a small low risk short here with stops above 141.4 level to be safe. Might as well risk some extra pips as it doesn't make a huge difference.
Trade closed: target reached:
Target reached on trade closing @0.66190 (61.8)
