NZDUSD: Two Bearish Advanced Pattern within the Killzone
Following up on a trade I’ve been tracking all week (see attached chart) the NZDUSD is now firmly in the “Killzone” that I identified & is showing 2 potential advanced patterns. The bearish Gartley pattern has already completed it’s D leg & there’s a potential bearish bat lurking a bit higher near that gartley’s “X” leg.
Which one is “the best” to take? Well that’s up to you. One will get you in the trade quicker with a worse risk/reward while the other you may have to wait for but will give you a better risk/reward. Either way, there should be something in your trading plan about how to handle situations like this because if you’re allowed to trade multiple advanced patterns these types of situations are going to occur more often than you think.
Also on my radar: EURUSD, EURJPY, USDJPY & USDCAD
Good luck today traders, and remember it’s Thursday so I’ve got my weekly video coming out later, so go ahead and subscribe to my youtube channel that way you’ll be the 1st to know when it’s released.
Akil Stokes
Chief Currency Analyst
TradeEmpowered.com
Akil@Tradeempowered.com /AkilStokesRTM /
Forex Weekend Review Videos: youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Which one is “the best” to take? Well that’s up to you. One will get you in the trade quicker with a worse risk/reward while the other you may have to wait for but will give you a better risk/reward. Either way, there should be something in your trading plan about how to handle situations like this because if you’re allowed to trade multiple advanced patterns these types of situations are going to occur more often than you think.
Also on my radar: EURUSD, EURJPY, USDJPY & USDCAD
Good luck today traders, and remember it’s Thursday so I’ve got my weekly video coming out later, so go ahead and subscribe to my youtube channel that way you’ll be the 1st to know when it’s released.
Akil Stokes
Chief Currency Analyst
TradeEmpowered.com
Akil@Tradeempowered.com /AkilStokesRTM /
Forex Weekend Review Videos: youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
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