#NZDUSD Multiple Opportunities (Gartley, Structure)
@TradeYodha (TradeYodha.com)
1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it.
This gives us 2 opportinities for Long. First at point B and second at D
2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R
3. 1H is in downtrend and on 1H chart 50 sma is lagging behind which can attract the price to it creating a short opportunity. Take 1:1 R/R with extended targets into lower zone where we will take our long opportunity
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
@TradeYodha (TradeYodha.com)
1. 4H can form a Gartley Pattern but point B is a good support area so we can have a bounce from there too. It has 200sma in it.
This gives us 2 opportinities for Long. First at point B and second at D
2. Point B can be seen in 1H chart as lower zone. We can target 1:1 R/R
3. 1H is in downtrend and on 1H chart 50 sma is lagging behind which can attract the price to it creating a short opportunity. Take 1:1 R/R with extended targets into lower zone where we will take our long opportunity
I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.