NZDCAD Weekly Gartleys/ Bats 0.8315-0.8130
Long term pattern
Stop as is is huge at 250 pips + but will be looking for reasons to buy in the zone
Preferred level is 0.8200 or just above
AB=CD from March 2015 + multiple Fibonacci levels clustering at same price point
Pattern formed over 2.5 years so will be a slow grind, but could offer nice R:R as first target is at least 500 pips above and no REAL sellers till around 0.8920
Shorter term entry could give a beautiful R:R trade
Stop as is is huge at 250 pips + but will be looking for reasons to buy in the zone
Preferred level is 0.8200 or just above
AB=CD from March 2015 + multiple Fibonacci levels clustering at same price point
Pattern formed over 2.5 years so will be a slow grind, but could offer nice R:R as first target is at least 500 pips above and no REAL sellers till around 0.8920
Shorter term entry could give a beautiful R:R trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.