Trading_Jazz
Long

(D) 2618 // ABCD // Gartley // IF=THEN ®

FX:CADJPY   Canadian Dollar/Japanese Yen
FX:CADJPY            

First of all, the Yen... it's strong, caution!

After a double bottom , the price forges "one close" above the neck (check 4h chart) and start a retrace, now at 61.8%... and entering oversold, searching/waiting for divergence...

Stops should stay below the bottom's, it's a daily chart ...

Long the 2618 // Short the AB=CD & Gartley ;
Note that the 2618 trade setup can hit the 200% extension as target, even more, in some cases at 261% extension. The idea is to wait the price to get the harmonic ratios/price zone, and then search for options If they exists.

Check this Aud/Nzd             as example of 2618 at 200% extension:

(2h) Keep your head above your neck // IF=THEN ®

AB=CD & Gartley Patterns // Educational ®

Double Top definition & 2618 trade setup ®

Safe Trades;
https://open.spotify.com/track/7y9KANOlFYRr9TTXvyAAVj
Comment: Test point B ? ;)
while i admit your entry was great, im not sure the drive behind it.
Reply
Neither do i, we never know where the market will print a price until it print it ;)
Reply
Hi Trading Jazz, if we look to 4h chart could be valid a bearish alt shark right now?
Reply
I will check, but post a chart there
Reply
snapshot


butterfly
+1 Reply
tabasc0 Trading_Jazz
Thanks for your reply Andre, i'm still learning! keep going with your educational content, it's really helping me getting better!
Reply
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