Beware of the news over in a few hrs -- !!! Dangerous late entry !!
However, we have a Gartley!
Point B - price retraced XA, closed at 0.618, candle wick not beyond 0.786
Point C - then price retraced AB, closed bw 0.618 & 0.786
Point D - then price retraced extended AB up to 1.272 zone
20 pips SL, two trades TP at .382 & 0.618 respectively
Total 100 pips
Careful if you're entering late (i.e. now!)
Remember to trade your plan - babypips.com/learn/forex/what-is-a-trading-plan.
#Follow bizlus
However, we have a Gartley!
Point B - price retraced XA, closed at 0.618, candle wick not beyond 0.786
Point C - then price retraced AB, closed bw 0.618 & 0.786
Point D - then price retraced extended AB up to 1.272 zone
20 pips SL, two trades TP at .382 & 0.618 respectively
Total 100 pips
Careful if you're entering late (i.e. now!)
Remember to trade your plan - babypips.com/learn/forex/what-is-a-trading-plan.
#Follow bizlus
Trade closed manually
TP1 at 0.382 did work on a slow spread broker account. To me this move is technically expired. NZDUSD generally bullish.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.