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Kjetil_Johannesen
Aug 29, 2016 7:30 AM

EURJPY Bearish Gartley H4 @market Short

Euro Fx/Japanese YenFXCM

Description

Just hit my D-completion of this Gartley.
Hovering around the entry now, so might still be possible to get involved.

Price had just broken to the upside after a period of consolidation, and retraced right around structure.
I was eyeballing this level for a potential short, and was looking for an entry reason when I spotted this pattern and entered immediately @market.

Trade active

Comment

Second chance for entry.
Price retraced 7 pips before my target, but now we might see a double top with RSI divergence depending of how this candle closes. As long as we don't close above the spike to the left, this could be used as an entry.

Comment

Double top busted. Pattern is now essentially invalid.
I'm still in the trade, but expecting a loss on this one now.

Trade closed: stop reached

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