Highcrunch

A butterfly within and a Gartley pattern on NZDUSD

بيع
FX:NZDUSD   دولار نيوزيلندي / دولار أمريكي
1
NZDUSD has been in a range since October which presents great harmonics trading opportunities. On NZDUSD we can identified a gartley pattern and a smaller butterfly. Both patterns have the potential reversal zone in the same price range. I would like to see price move up to the upper range of the reversal zone ( around 0.7970 level as shown on the red line) to execute a Sell trade.. This will give a better fill for a more decent risk/reward ratio. Stop loss above last high @ 0.8045.
I will move stop to break even and take profit for first unit @ 0.7869, second unit will be taken off near the lower end of the range @ 0.7742
This is a trade we will be monitoring in the coming week. However If price close above last high,we will have a bullish bias from then on.
إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.