Bearish Gartley Pattern - Elliott Wave V

FX:CADJPY   Canadian Dollar / Japanese Yen
74 2 0
From wave III             in Elliott wave theory, wave IV takes a 38.2% retracement at the same time as a bearish AB=CD Gartley pattern emerged. I normally don't trade this cross but wave 5 Elliotts and Gartkey patterns are high probability trades and seeing this combo, I could not resist.

Happy Trading! :)
Comment: Forgot to add STOP LOSS at 83.60 :)
Wow right on the dot lol
dan_keydcuk huyislost
Yeah, this can be the case because if you notice... my TP2 was done by cloning wave 1 with a simple trendline replicating. I see that it has gone a few pips further down since your comment and back up again but in Elliott Wave Theory, wave 5 strives to be equal to wave 1. This is a great rule in not only identifying the termination of a wave 5 but simply looking for 5 wave moves and do wave counting. :)
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