m4nti
Short

$EURJPY GARTLEY SETUP INTO PREVIOUS STRUCTURE

FX:EURJPY   Euro Fx/Japanese Yen
EURJPY             seems to either be returning into it's consolidation zone (marked by blue lines) or is about to break out after a quick retest of resistance turned support (top descending blue line). If it is a break out, it will be a nice setup into a Gartley which will leave us with a quick way to make some pips.

Entry in the red box. Somewhere around 138.500 looks good (psychological level helps).

Target 1 at 137.500 (0.382 AD retracement).
Target 2 at 136.800 (0.618 AD retracement).

Both targets are supported by previous structure and profits should be taken before the structure is hit to prevent a bounce back and loss of profit.

Stop loss is at 139.400. This is just above X (which would invalidate the pattern) and slightly above previous structure to avoid getting stopped out too early.

Good luck and happy trading :)
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out