Consolidation breeds patterns: USDJPPY two opportunities
Updated
Bullish & Bearish Gartley patterns in
a consolidated market. Either way the
market moves trades have a high-odds
opportunity provided the structure of the
patterns remain in-tact.
a consolidated market. Either way the
market moves trades have a high-odds
opportunity provided the structure of the
patterns remain in-tact.
Order cancelled
Bullish pattern invalid, orders cancelled.Bearish pattern completed after Fed Chair Yellen speech aorund 2pm eastern on Friday 5/27, I do not trade off news of this significance but the bearish pattern is still valid form a technical standpoint.
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