Seriously , I dont need anymore reason to short this NZDUSD. Both ABCD's ends up around the resistance zone and Deep bearish gartley, so why wait ? I initiated My short positions in NZDUSD, the risk was small compared to the reward. Just one thing, Two or many patterns indicating same direction of trade is just for confidence only, it wont assure 100% success of the trade. Always check your plan before trading,
Happy Trading !
Komen
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Well, that was fast.Target 1 Achieved, trailing stops for target 2.
Boss. How do you define those angles? If any detailed post on above set will be helpful for many of new bees like me.
InsiderB
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You mean those ratio's ? it will come automatically if you use Pattern tool available in tradingview, it will come automatically. There is no angle about patterns, only Fib ratio's. Google you will know more for sure !
dchua1969
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on the 4hr chart, has the right shoulder been formed ? it seems to hit a resistance level around 0.73450 several times and it went south. appreciate your views.thks
InsiderB
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Yes it is head & shoulder pattern...good Eye !
Jiman
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I thought point D must be 0.786 of XA for gartley setup
InsiderB
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You are perfectly right Jiman. When I opened charts for the Day, Nzdusd was above 0.786, which reduced my risk, so I entered gladly :)
raoadnan84
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I am with you, Green pips wow
InsiderB
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Just a good day, so it moved down so fast. Won't happen everytime !