Akil_Stokes
Short

EURJPY: Potential bearish Gartley Formation in Bearish Rotation

FX:EURJPY   Euro / Japanese Yen
Hey traders!

Looking at a potential bearish Advanced             Gartley Formation setting up here on the EURJPY             . LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance.

The "A" leg of the Gartley Formation also represents a break and close below previous structure support which will help with our longer term analysis for those looking to take extended targets.

I know a lot of you have taken advantage of this weeks offer, so we'll be reviewing this in a few hours as we start our trading week. See you there!
Trade active
Trade closed: target reached
Take Advantage of 15 Training Lessons, Daily Videos, 2 Live Trading Rooms & Our Trading Software by signing up for a 2 Week Trial
https://tieronetrading.com/

Check Out The Trading Coach Podcast
Available on all Music/Podcasting Apps




Hey Akil, was just curious about something. It looks as if your trade closed before taking 2nd targets at 61.8. Was there a technical reason for that or personal? Or do you still have it active on your own personal account?
+1 Reply
Akil_Stokes We_The_North
Tradingview doesn't have a target 1,2,3,etc option, but in this particular trade I was stopped out for BE on the second half of my position
Reply
We_The_North Akil_Stokes
Oh ok gotcha.. Thanks
Reply
Target hit for me on this and the bearish cypher on the GBPJPY. Always feels good to see a set up coming and having a game plan in play, especially when you have full-time job and can't be in front if the charts all day!
+1 Reply
Well done, I've banked a few on both as well. That's what i love about trading, your money can make money while you're doing something else. Great trades
Reply
Great setup. On 1hr chart there is a double top with bearish divergence.
+1 Reply
Akil_Stokes burgicmarko
Thank you, and a very good spot on that double top
Reply
Man. EUR/JPY going up. Don't see any short here.
+1 Reply
In my opinion the best thing to do is set it and forget it. It can be extremely tough mentally to watch a trade go back and fourth while it's in progress.
Reply
Hello, what SL and TP would you suggest?
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out