pauljaime

EURJPY H4 - Projected Bullish Gatley

pauljaime Updated   
FX:EURJPY   Euro / Japanese Yen
We have a potential long Gartley formation taking shape on the 4 hour EURJPY. I like the potential reversal zone between the 786 X-A fib and the 1.27 A-B ext. This level is supported by prior support and resistance on 9/13 and at the start of this formation. Aggressively (not me), we could look at the 132 level which is right before the D leg completion.

I value your thoughts and comments, positive or negative, I learn from all and take none personal.
-Paul
Comment:
He hit our potential reversal zone early this morning and it has begun to turn. Always follow your entry rules. It is a slow H4 chart, patience is the name of the game.

-Paul
Comment:
Patience pays off in this case, potential profit levels at .382 and .618 were reached. Let's look for new opportunities.
-Paul

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.