EUR/JPY Bullish Alternative Gartley Pattern
This pair looks to continue a bullish bias, however, only after
closing above the range at 132.436. Keep an eye on EUR/USD and
USD/JPY since these pairs influence EUR/JPY; if EUR/USD goes up
so does EUR/JPY whilst USD/JPY would tend to go down.
I have also depicted a measured objective target by
doubling the range in which price is currently trapped.
Trade 1 (RvR ratio 2:1)
Entry: Close above 132.620
S/L: 131.182
T/P 1: 133.429 or 133.713 (1.414 Fib extension)
T/P 2: 134.391
T/P 3: 135.527
Trade 2 (RvR ratio 2:1)
Entry: Close above 135.761
S/L: 134.889
T/P: 137.506
For both trades remember to adjust your stop/loss when in
profit.
Happy trading
This pair looks to continue a bullish bias, however, only after
closing above the range at 132.436. Keep an eye on EUR/USD and
USD/JPY since these pairs influence EUR/JPY; if EUR/USD goes up
so does EUR/JPY whilst USD/JPY would tend to go down.
I have also depicted a measured objective target by
doubling the range in which price is currently trapped.
Trade 1 (RvR ratio 2:1)
Entry: Close above 132.620
S/L: 131.182
T/P 1: 133.429 or 133.713 (1.414 Fib extension)
T/P 2: 134.391
T/P 3: 135.527
Trade 2 (RvR ratio 2:1)
Entry: Close above 135.761
S/L: 134.889
T/P: 137.506
For both trades remember to adjust your stop/loss when in
profit.
Happy trading
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.
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.