NZDJPY - 4H - Gartley with alot of room to the upside

This is my one of my watchlist pairs for this week. We just completed a gartley ontop of the breakout from a somewhat decnt trendline. the potential room is all the way up to recent structure coming in at a nice daily trendline.
thats why you should look for lower timeframe long breakouts in the current market state. i keep you updated if there are setup emerging.

ofc you can very well also go long right here but im not the biggest fan of 4h trades anymore. i dont like trades lasting for that long.

تعليق:

ah. sorry i totally forgot to updat this. wekk but i guess it should be clear how my approach of entering those patterns is by now. anyway. the trade happend yesterday (again sorry forgot) like i always like to see it and the retest of the upper dashed blue line(on the original chart) already produced me a nice 3:1 winner for TG1. my stops are breakeven and im looking for a retest of the resistance for TG2.

since im already at 0 risk i will also look for futher longs above the current consolidation.