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.
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.