Mandeep.Singh
Short

Gartleys - EUR/JPY

FX:EURJPY   Euro / Japanese Yen
52 0 1
Two gartley patterns on this pair with our first one complete and entry orders filled. The market has been moving within a range and has presented us with a shorting opportunity. We have some RSI divergence as well as ab=cd pattern confluence. Previous structure resistance was rejected 3 times so we can state that this is a high probability trade.

Targets at 0.382 and 0.618. If after targets are reached and price moves back up, we could potentially trigger another gartley at another significant level of structure.
Trade active: Stopped out on first gartley, second gartley has been triggered.
Comment: SL moved to break even.
Trade closed: stop reached: Price pulled back to SL and went back down to hit second target, unfortunate.
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