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GBPNZD Long Opportunity and Bearish Gartley Update – Target #4 Reached 500 pips

Midterm Trade

GBPNZD Long Opportunity and Bearish Gartley

Midterm Trade Plan

The pair is testing the Fibonacci 38.20 of XA  1.91000

LONG @ Breakout and Close above 1.91000

TARGET 1: 1.91650 Update Target Reached 03-15-2018

TARGET 2: 1.92700 Update Target #2 Reached 03-16-2018 / You may close 40% of your positions. Pullbacks are buying opportunities.

TARGET 3: 1.94090  Update Target # Reached 03-19-2018

EXTENDED TARGET:  1.96780 / Closed Manually at 1.96400 with 540 Pips.

Now we will enter the SHORT as described below.

at the D Leg 1.96780, Bearish Gartley Pattern will be completed.

SHORT: Area of entry 1.96780 – 1.96500

STOP: 1.98600

TARGET: 1.94000

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.




GBPNZD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
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