BULLISH GARTLEY PATTERN NEARING FINISH ON 1H EURNZD

31 May 2016

A Gartley pattern is coming to finish on 1H EURNZD. Trade is active on the CD leg of the move. Previous structure low suggests entry @+- the .886 retracement. RR ratio is acceptable to the .382 TP target which could help a further Trend Continuation Trade to the CD finish of another bigger pattern developing. RSI entering oversold limits which favor a long entry.

31 May 2016

Not

TP on the CD leg.

31 May 2016

Not

Opened LONG position @.886 retracement of XA leg (D finish).

31 May 2016

Not

Stops hit. Position closed.

31 May 2016

Not

Waiting for price to move along to the D finish of the larger pattern. Will post soon.