slindstr

EURJPY Potential Bullish Gartley "222"

Long
FX:EURJPY   Euro / Japanese Yen
We're just about to complete a Gartley "222" for EURJPY on the hourly chart.

Remember that in a valid Gartley "222":
- D cannot exceed X
- BC cannot exceed XA
- AB cannot exceed X

RSI(7) shows we're almost overbought so:

- Stops below X
- BUY @ 132.90-ish
- TP 1 @ the .382 retracement of AD (132.78-ish)
- TP 2 @ the .618 retracement of AD (133.9-ish) and don't forget to move your stop up to break event at this point

If D exceeds X then we potentially have an opportunity to get long if a butterfly forms.
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