NZDCAD LONG - POTENTIAL REVERSAL ZONE
Although
NZDCAD
has not completed a technically valid Gartley pattern since the C point has exceeded its .886 conventional limit, the pair has still found support in the .786XA area. In addition to this key retracement level, there is confluence in this area between 1.272AB=CD and the 1.272 projection of BC. To add to the bullish bias, a missed monthly pivot sits about 1,000 pips above the PRZ. I like to enter at the bottom of the PRZ with a target near the missed monthly pivot for April, 2015.
NZDCAD
has not completed a technically valid Gartley pattern since the C point has exceeded its .886 conventional limit, the pair has still found support in the .786XA area. In addition to this key retracement level, there is confluence in this area between 1.272AB=CD and the 1.272 projection of BC. To add to the bullish bias, a missed monthly pivot sits about 1,000 pips above the PRZ. I like to enter at the bottom of the PRZ with a target near the missed monthly pivot for April, 2015.
Trade fechado: objetivo atingido:
T1 Achieved: SL Moved to B/E and .5 position closed at +488 Pips
Trade fechado: objetivo atingido:
T2 Achieved: +860 Pips and counting
Trade fechado: objetivo atingido:
T3 Achieved: +1001 pips!
