Alexander_Nikitin
Long

A Gartley Pattern on EURJPY

FX:EURJPY   Euro Fx/Japanese Yen
Hey, mates. When trading Gartleys I define a reversal zone marked with 0.786XA, AB=CD and 1.272AB. An agressive way to trade it is to enter at the first line tested. The most conservative way is to wait until Termination Bar appears (a bar that tests all three levels) + RSI show divergence. Whatever method you use the logic of the pattern presupposes that price will most likely go to 0.382AD level before it touches X. That's why stops and targets should be placed correspondingly.

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// | This pattern was found automatically using PatterSearch software. You can see a sample video here:
// | https://www.youtube.com/watch?v=beZhTtW1diU
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Best wishes.
Alexander Nikitin. A professional trader, programmer and a trading coach.
Great analysis as always!!
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Yup, thank you.
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