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LewisGlasgow
Jul 5, 2018 8:34 AM

EUR/JPY - Bearish Gartley Short

EUR/JPYOANDA

Description

EUR/JPY is now restesting the PRZ of a bearish gartley on the 1h chart.

The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786

Use the 15m chart for entries! Minimum 1:2 R:R trade.



Safe trading everyone!

Trade active

Type-II retest has been confirmed. Price is now testing resistance on the 4h chart.



Requires active trade management, pay close attention to the upside break!

Comment

Looking for a breakdown of the smaller structure towards the support trendline.

Trade closed: stop reached

It's more than likely price is shaping up to test 131.500.



Onto the next one :)
Comments
sanzeeb
Looking for Crab :)
LewisGlasgow
@sanzeeb, will take a while but good luck!
sanzeeb
I thought it would show respect 200 EMA :) ... whatever, SL is a part of the trade.
easyfxtrader
where is SL/
LewisGlasgow
@easyfxtrader, 130.550, trade is in a loss at the moment based on the original entry price.
easyfxtrader
where is SL?
bobbyontherocks
EJ short at 130.25 and so is Gbp/Jpy going down @147.23
FreddieDEMajunga
better delete dat harmonic
alaakamel
still on order close or not ?
LewisGlasgow
@alaakamel, price is still in PRZ, remember this is based on the 1h chart.
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