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glennmercer

LONG EURJPY: GARTLEY + PIVOTS + TRENDLINE SUPPORT

Long
Euro / Japanese Yen (FX:EURJPY)  
glennmercer Updated   
FX:EURJPY   Euro / Japanese Yen
Pivot Points confluence Bullish Gartley Gartley Harmonic Patterns Harmonic Patterns Bullish Patterns Trend Lines
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pivotpoints confluence bullishgartley gartleypattern harmonicpatterns harmonicpatterns bullish trendline
EURJPY has completed a bullish gartley pattern in a tight PRZ. The pattern completed at a strong support trendline which will help drive price upward. To add to the bullish bias, two unhit pivots sit above price. The unhit monthly pivot for October, 2015 aligns precisely with the .618 retracement of the CD leg. SL is placed below X.

Confluence in the PRZ:
1. Bullish Gartley completion
2. AB=CD
3. 1.272BC Projection
4. Trendline support
5. Missed pivots above price

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Trade closed: target reached:
EURJPY Short: Targets Achieved

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