FullTimeTrader
Short

AUDJPY-bearish gartley at 90.000

FX:AUDJPY   Australian Dollar/Japanese Yen
1109 10 23
Nice pattern already triggered at key level:

- ema 200 as resistance
- round level 90.000
- price reacting to the PRZ already

I would sell with SL above last high to have a better R/R ratio.

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).


Comment: first target hit, moving sl to be
Glad to see this. Am in the trade. Good luck.
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Nice, I have another target at 83.100 as well....
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nice effort
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Which pattern is this sir? I thought it's a Gartley but B to C lag did not made 61.8 retracement so it's not valid i think...
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BLKS tigrand1
you are right, it could be a mistake. but a bat pattern is finish form at the 1.618 of B-C.
And we can see that there is also strong support and resistance around that area,so we can say a bigger potential bat could be form.
But what if it rise to complete the potential bat?
then we can assuming a potential gartley to be form.
snapshot
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hello, im using this rules:
http://www.harmonictrader.com/price_patternsgartley.htm
regards.
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BLKS FullTimeTrader
nice, how about gbpchf i posted in your idea just now? do you think it is possible?
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The cypher could work but i prefer to focus on shorts because its better to go with the strong bearish momentum. Regards.
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BLKS FullTimeTrader
yup, i agree bacause of a potential shark could be form, i will wait for it to reach around 0.382-0.618 and or wait for price fail to break the s/r to enter short on it. Thanks for the reply =) goodluck
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Nice!
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