CADJPY Short: Gartley + Pitchfork + Wolfe Wave to Pivots

FX:CADJPY   Canadian Dollar/Japanese Yen
a year ago
CADJPY             is nearing the completion of a bearish Gartley pattern. The Gartley PRZ is confluent with pitchfork support. A completed bearish Wolfe Wave adds to the bearish bias. RSI and MACD are showing bearish divergence moving into the PRZ. SL is placed above point X of the Gartley pattern and a cluster of pivots lies below price, providing a nice target.

Confluence in the PRZ:
  • Bearish Gartley pattern completion
  • 1.272BC projection
  • AB=CD pattern completion
  • Pitchfork resistance
  • Bearish RSI divergence
  • Bearish MACD divergence
  • Unhit weekly and monthly pivot clustered below price
  • Bearish Wolfe Wave complete

Pitchfork Resistance (D1 TF):

Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
a year ago
Trade closed: stop reached: Closed position for a loss of 17 pips
Follow me on twitter: @gmercerfx
Shoot me an email:
Ideas Scripts Chart
United States
United Kingdom
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