Breakout Patterns PremiumClosed TradesCurrencies PremiumFX MINORS Trade Ideas PremiumHarmonic Patterns PremiumPremiumTrade Setups

NZDCAD Trendline Breakout and Bullish Gartley Formation Update: TP2 Reached 80 Pips

NZDCAD Trendline Breakout and Bullish Gartley Formation

Published: 07-26-2018

Pair / Instrument: NZDCAD

Time Frame: H4

The trend in the Timeframe: NEUTRAL

The trend in the Daily Chart: BEARISH

Description:  If the price breaks below the trendline – somewhere 0.89000, it is likely to complete a bullish Gartley at 0.88400. Short Trade can be taken by the breakout of trendline 0.89000 targeting 0.88400. And Long trade can be entered at 0.88400 targeting 0.89000

Trade Based On: TL Breakout and Bullish Gartley

Accuracy: %95

Short Trade:


Entry: 0.89000 – wait for the H1 closing –

Stop Loss: Below 0.89200

Take Profit 1: 0.88600 /

Take Profit 2: 0.88400

Extended Target:

Update: TP2 Reached. 60 Pips. Short Trade is closed.

Long Trade


Entry: 0.88400 

Stop Loss: 0.88200

Take Profit 1: 0.88600

Take Profit 2: 0.89000

Extended Target:

Update: TP1 Reached. Close 50% of the positions move SL to entry. 20 Pips



Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

 View the Packages

You can contact us via Skype User Name: Chartreaderpro

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


NZDCAD:   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

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Adblock Detected

Please consider supporting us by disabling your ad blocker