Short on Completion of Bearish Gartley Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Feb 9, 2015 5:42 AM

i will be shorting this pair if the price goes below 92.15 which is the current support based on prev structure. Target at least 61.8 retracement . I will be risking 35 pips to target 140+ pips.

Reasons:
a) Confluence of ratios at the completion of Gartley .
b) expected break of support at 92.15

AUDJPY Gartley

Comments

dionvuletich

⋅ Feb 9, 2015 8:02 AM

I would prefer to sell around 93.59 gap opening suggests buyers there not sellers imo

GcNaif

⋅ Feb 9, 2015 6:03 AM

AJ , the bat pattern and completed bearish gartley

KarYong

⋅ Feb 9, 2015 5:47 AM

Nice! if price goes higher, we have a bat at 94.00 too.

GcNaif

⋅ Feb 9, 2015 5:54 AM

thanks AK , just risking 35 pips to target 140+