Bearish Harmonic Pattern - GBPJPY (Daily)
Hello Traders,
I have observed potential Bearish Gartley formation on GBPJPY. Potential Reversal Zone (PRZ) is highlighted for short entry for potential swing trade. Here, PRZ is made of AB=CD, 1.27AB and 0.786XA Fibonacci ratio confluence. This potential set up has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2.
Follow this idea for further updates.
Happy Trading!
I have observed potential Bearish Gartley formation on GBPJPY. Potential Reversal Zone (PRZ) is highlighted for short entry for potential swing trade. Here, PRZ is made of AB=CD, 1.27AB and 0.786XA Fibonacci ratio confluence. This potential set up has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2.
Follow this idea for further updates.
Happy Trading!
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