lewglasgow
Long

EUR/JPY - Bullish Gartley

FX:EURJPY   Euro Fx/Japanese Yen
Today we are looking at EUR/JPY             on a 4h chart with a potential bullish gartley , this pattern has taken shape on several time frames.

The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786

As you can see from previous price movement our pair has been trading within a confined area before breaking out of this range to make our A point. I'll be expecting a spike below to complete our D leg then a sharp move to the upside!

snapshot
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Related Ideas

Technical15
8 months ago
Love the look of this :) I can see Japanese Yen gaining strength this week!
Reply
FXGOOGLE
8 months ago
Why don't you look at the bat pattern on it... Price doesn't seem to touch the 61.8 mark >>>
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lewglasgow PRO FXGOOGLE
8 months ago
Your analysis ties in nicely with my head and shoulders on GBPJPY. Never thought to measure out the bat pattern well spotted!
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FXGOOGLE lewglasgow
8 months ago
Yeah just saw that myself... Will be monitoring it. Good share
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lewglasgow PRO FXGOOGLE
8 months ago
Thanks again Charley.
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jofansiwork PRO FXGOOGLE
8 months ago
The down trend has to be confirmed with an other indicator , right ?
The Fib retracement fit well.
Reply
lewglasgow PRO jofansiwork
8 months ago
You can confirm this with extra analysis but I'm happy as long as it is making lower highs and lower lows, like shown below. It is slightly divergent in some areas but we should hopefully see a completion of the D leg.


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lewglasgow PRO lewglasgow
8 months ago
Wrong chart...

snapshot
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jofansiwork PRO lewglasgow
8 months ago
awsome, hope that no economic News will Change the trend :o)
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lewglasgow PRO jofansiwork
8 months ago
Yeah I don't want to speak too soon lol!
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slaves98
8 months ago
Looks great this far, gonna keep an eye on it. Thx :)
Reply
lewglasgow PRO slaves98
8 months ago
Thank you I appreciate that.. We'll see how it plays out
Reply
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