GBPJPY 15M - Potential Gartley Pattern Short @ 154.94
Hi all,
There is a potential Gartley Pattern Short forming up on GBPJPY 15M @ 154.94. Little way to go yet, but if we get up there it's a good entry point as the pattern is quite deep allowing for a tighter stop and a better RR ratio.
Stops above X
Initial targets:
1 @ 154.45
2 @ 154.14
As always stick to your rules and initial targets will be adjusted should the pattern complete.
There is a potential Gartley Pattern Short forming up on GBPJPY 15M @ 154.94. Little way to go yet, but if we get up there it's a good entry point as the pattern is quite deep allowing for a tighter stop and a better RR ratio.
Stops above X
Initial targets:
1 @ 154.45
2 @ 154.14
As always stick to your rules and initial targets will be adjusted should the pattern complete.
Trade closed: target reached
Adjusted targets 1 & 2 hit. Easily making up for the loser on USDJPY.
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Related publications
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.