tommyb35

Bearish Gartley w/ potential aggressive C-Leg entry

FX:AUDJPY   Australian Dollar/Japanese Yen
49 0 0
Another potential pattern for the Yen pairs. This Bearish Gartley will complete at 93.800. For those looking to squeeze a little extra out of this, you have a potentially massive 2618 trade setting up that could provide the entry for an aggressive C-Leg. If the market can press down into 91.445, you will have an entry for the 2618. Target one will take you to 93 even and target 2 will actually take you up to about 8-10 pips shy of the Gartley completion. This will probably take a couple days to setup, but its definitely one I have on my radar.
For those who don't want to risk that much on the 2618 trade, there is a nice kill zone under the .618 retrace. So if you want to go onto the 1hr timeframe, you can wait for possibly a double bottom and then enter. That way you can have maybe 30 pips of risk instead of putting in a limit order at the .618 and having over 100 pips of risk.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out