NZD/CAD - Bullish Gartley

11. Okt. 2017

Hello traders, here is a short term opportunity on the 1h chart with NZD/CAD.

A valid bullish gartley pattern has fully formed with a 1:2 risk to reward.

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

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11. Okt. 2017

Anmerkung

Quick update on the daily chart for those not in the Telegram channel.

12. Okt. 2017

Anmerkung

NZD/CAD is running in profit right now, to all those holding you will want to manage your position at 0.382 as shown below.

Once we reach this price level I would advise moving your stop loss into profit or closing your position to secure around 2%.



The B point has proven to be a key level of resistance, we need a clear break above this level in order to achieve our targets.

13. Okt. 2017

Anmerkung

0.382 has now been achieved, make sure your stop loss has been moved into profit or close your position with an average 2% gain.

13. Okt. 2017

Trade geschlossen: Ziel wurde erreicht

Well done to all those who took this position, have an excellent weekend everyone!!!