LewisGlasgow
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!

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Love the look of this :) I can see Japanese Yen gaining strength this week!
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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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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 LewisGlasgow
Yeah just saw that myself... Will be monitoring it. Good share
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Thanks again Charley.
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The down trend has to be confirmed with an other indicator , right ?
The Fib retracement fit well.
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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.


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LewisGlasgow PRO LewisGlasgow
Wrong chart...

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