Two opportunities to get long on nzdcad
Updated
Hey traders. In this kind of setups we have two opportunities to get long. I call this setup "Revenge Cypher". If the Gartley loses then I will take a cypher. Because the Cypher is larger than the Gartley its profits cover the loss of the Gartley and overall we stay in profit in this situation. The two of them also can win. Or the two of them can lose. There's another option: the Gartley wins and the Cypher never has a chance to complete. Keep in mind that these setups are no way interconnected. The outcome of the first no way influences the outcome of the second.
I usually set two trades. Traditionally stops go beyond the X point. Originally, Gartley was designed to retest A-point. But I use 0,618 of AD. In Cyphers I use 0,618CD for target.
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I usually set two trades. Traditionally stops go beyond the X point. Originally, Gartley was designed to retest A-point. But I use 0,618 of AD. In Cyphers I use 0,618CD for target.
Check my other ideas
Press thumbs-up if you find the information interesting. Follow me on Tradingview not to miss my other ideas. Have a good day.
Order cancelled
Wonderful idea, but the trade wasn't triggered))
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