moneymaking
Short

CADJPY: Gartley Pattern almost finished !!

FX:CADJPY   Canadian Dollar/Japanese Yen
258 18 11
Hello Traders,

Here we got a Bearish Gartley pattern that is close to completion. The nice thing about this setup is that, we are able to hide our stop loss above the main psychological level of 100. As we can see from the chart, that the market is just consolidating around the 100 level. That just shows how important this level really is. Risk to reward is also favorable for this setup and personally I would be involved in this trade. See the chart for more details.

Good Luck :)
I like the idea bro, clean & simple! Also monitoring this one for a short based off of price stuttering at resistance on the D1 chart. Good luck bro =)
+1 Reply
moneymaking Daniel.B
Hey Daniel, Thank you for the comments. Good luck to you too :)
+2 Reply
Im waiting for D1 chart bearish signals tho lol
+1 Reply
moneymaking Daniel.B
I am also trying to adopt the habit of looking at daily chart price action before jumping into trades. I think that will help me to reduce the number of losses I take.
+2 Reply
thanks for the idea
+1 Reply
Your welcome attilol :)
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WOW,well done!
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Thank You, I hope you made some profit from this too :)
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Very nice moneymaking. Have you traded the eurgbp. similar pattern..
snapshot
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moneymaking PriceActionTrading
Ya, I didn't catch that one. I already have couple of positions open in other pairs and also its end of the week. I can let this one go, hehe :)
+1 Reply
moneymaking PriceActionTrading
Thank you for the comment :)
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Haha. Have been busy these past few days. Nice analysis bro. High probability setup. keep it up. best on the D1 scale.
+2 Reply
moneymaking PriceActionTrading
Ya, Thank you so much for the kind words. It definitely gives a boost to my confidence. How have you been, the last chart you posted was 4 days ago. Were you taking a break from trading OR is it just because the market has been slow this week?
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Market is good. Im just using more of my MT4 currently. doing some fib analysis of various currencies. entered long eur pairs and long audusd. posting it soon. shorted gbpcad too, posted it just a min ago.
+1 Reply
moneymaking PriceActionTrading
Sounds like you got your hands full. Keep it up mate :)
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Iam Long in the CADJPY pair. Target 102.47
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Looks still valid with price getting tighter ?
CADJPY Bearish Gartley

snapshot
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KevinSinghDhaliwal KevinSinghDhaliwal
snapshot
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