LewisGlasgow
Long

EUR/JPY - Bullish Gartley

FX:EURJPY   Euro / 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
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Join my Telegram Channel: https://t.me/SixFigureCapital

Facebook: https://www.facebook.com/lewglasgow/
Instagram: https://www.instagram.com/lewglasgow/
Looks great this far, gonna keep an eye on it. Thx :)
Reply
Thank you I appreciate that.. We'll see how it plays out
Reply
Why don't you look at the bat pattern on it... Price doesn't seem to touch the 61.8 mark >>>
snapshot
Reply
Your analysis ties in nicely with my head and shoulders on GBPJPY. Never thought to measure out the bat pattern well spotted!
Reply
FXGOOGLE LewisGlasgow
Yeah just saw that myself... Will be monitoring it. Good share
Reply
Thanks again Charley.
Reply
The down trend has to be confirmed with an other indicator , right ?
The Fib retracement fit well.
Reply
LewisGlasgow PRO jofansiwork
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.


snapshot
Reply
LewisGlasgow PRO LewisGlasgow
Wrong chart...

snapshot
Reply
jofansiwork PRO LewisGlasgow
awsome, hope that no economic News will Change the trend :o)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out