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Akil_Stokes
Apr 3, 2016 2:28 PM

EURJPY: 1 Hour Advanced Gartley Formation Completion Long

Euro Fx/Japanese YenFXCM

Description

I typically don't pay much attention to the market open on Sunday's but there were a few opportunities that I had on the radar from Friday which are offering a better price point for entry.

One of those opportunities is right her eon the EURJPY Hourly time frame where we had an Advanced Gartley Formation complete late Friday. Currently price is below the initial entry of 127.20 so (opening gaps aside) we're looking at a better entry on the Sunday open.

As always, wish all of you guys a great week of trading and continued success along your trading journey!

Oh and Go Everton, Beat Man U!!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
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Trade closed: stop reached

Comments
Alexander_Nikitin
Very nice Akil. I took that Gartley Formation on Friday as a trend continuation setup. Looking for it going up to 1,272 target. If it goes there I will be very happy to sell it with my Bear Gartley formation that I have on Daily. The chart is here

Germaine_Mills
I took the short on this ~ Wednesday or Thursday. I'm thinking buy limit at NSH from Akil's chart for the eventual trend reversal
Akil_Stokes
Well done!!
Akil_Stokes
Awesome ALexander!!
metrbmanmax
Also looks like we could be on our way to completing a 3rd leg of the 3 drives pattern with the 161.8 at the weekly R2
toeknee
hi Akil, this pattern now conforms to a BULLISH CRAB pattern on the 1hr and 4hr.
am i correct ?
regards
tony
Akil_Stokes
I don't trade Crabs, so i'm not the best person to confirm them for you. Sorry
RonSublett
nice one akil, had this on my radar also, looking to hop on after the open. I'll also stop and reverse on my demo which i was able to get in on the bearish move around the c leg point. (took it as a double top)
Good Luck!!! and see ya tuesday in the live room..
Akil_Stokes
Well done Ron, see you Tuesday!
drin
Agree with you. Im currently long on this pair since I also saw gartley forming on a channel with rsi shown oversold.s3.amazonaws.com/tradingview/snapshots/l/lVyMhRYg.png
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