Akil_Stokes
Short

EURJPY: Potential bearish Gartley Formation in Bearish Rotation

FX:EURJPY   Euro Fx/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
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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 PRO 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
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We_The_North Akil_Stokes
Oh ok gotcha.. Thanks
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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
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Great setup. On 1hr chart there is a double top with bearish divergence.
+1 Reply
Akil_Stokes PRO 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.
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Hello, what SL and TP would you suggest?
+1 Reply
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