TomHall
Short

EUR/JPY - Gartley Pattern

FX:EURJPY   Euro Fx/Japanese Yen
On the EUR/JPY             daily chart we have a potential short opportunity at the D leg completion of a deep Gartley Pattern .

The price reversal zone between 138.842 & 138. 973             is very narrow on this setup, this is due to a deep B leg retracement.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Due to a strong B leg retracement the D leg will complete at the X leg ( Double Top ) giving us a little more confirmation to look short.

Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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How To Trade The Gartley Pattern.
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Hello Tom, taking in consideration your gartley pattern, eur/jpy have just completed last friday a beautiful bat pattern starting from your BC leg.
Have a look and tell me what u think, I am already short selling the Bearish Bat
snapshot
+1 Reply
FrancescoPoderi FrancescoPoderi
Bat pettern from Daily chart and 2 Top from Hourly chart, ignore the 2618 setup label
Reply
TomHall TOP FrancescoPoderi
I like it mate, we had the same drawn out.
Reply
your pattern is longer and it will end much higher than the Bat, bad for me cause so far the retracement didnt hit the 1st target @0.382
+1 Reply
TomHall TOP FrancescoPoderi
We will have to sit back, relax and see how it turns out.
Reply
I could cover my short position as soon as it will hit the 1st target going long until the CD leg of the gartley and then going short once more.
easy to say! let see what it will turns out
+1 Reply
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