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NZDJPY Bearish Gartley And Short Opportunity Update: Target Reached

Short Stop Out

NZDJPY Bearish Gartley And Short Opportunity

Description: We have a potential Bearish Gartley formation on H4 Chart. A potential breaish retracement is predicted at D. The pair broke the main resistance. The traders who like to use the long opportunity before short can take the following long trade: 

Long @ 74.40 Stop Below:74.00 Target 74.90

Update: Long Trade Reached the target 50 Pips

Gartley Short Trade :

Trade Period: Intraday Trading

Pair / Instrument: NZDJPY

Time Frame: H1

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  BUliish

Trade Based On: Bearish Gartley Pattern

Accuracy: %93

Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage

Trade: Short

The Area Of The Entry: 74.90 – 75.00

Stop Loss: 75.22

Target 1: 74.50

Target 2: 

Target 3: 

What to Pay Attention: 

You can view the setup: NZDJPY Gartley Pattern

Update: Short Stop Out 30 Pips

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

NZDJPY Bearish Gartley:  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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