EURJPY Gartley pattern in play
Shorting opportunity on EURJPY.
1) Bearish Gartley pattern completed at 131.920
2) Fib Level confluence 131.900-132.000 (Fib ext 127.2 + Fib inversion 141.4)
3) Harmonic move completed AB=CD at 131.950
Entry 131.920
Stop loss 133.630
Target 129.960
1) Bearish Gartley pattern completed at 131.920
2) Fib Level confluence 131.900-132.000 (Fib ext 127.2 + Fib inversion 141.4)
3) Harmonic move completed AB=CD at 131.950
Entry 131.920
Stop loss 133.630
Target 129.960
Note
We got a shooting star candle on the daily. Usually when this candlestick appears at the end of an uptrend it is considered as a reversal pattern. I am looking to add into my position if I get some confirmation tomorrow. As a confirmation I ll use a lower daily low.Note
50% of my position is closed in profit. Rest 50% of my position has the stop loss moved to breakeven
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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.