krushje
Short

Bearish Gartley Forming at EURJPY - H1

FX:EURJPY   Euro Fx/Japanese Yen
Going Short
Entry: 113.2888 up to 113.3356
SL: 113.7468
TP1: 112.8910
TP2: 112.6451
Comment: Price retraced a bit further and D point on gartley pattern formed at a higher point than expected. So imho it's best to move TP1 and TP2 levels accordingly:

TP1: 112.9523 (38.2% of A>D fib. ret.)
TP2: 112.6837 (61.8% of A>D fib. ret.)
Trade closed: stop reached: Stopped out
JUST WENT SHORT NOW NOW
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THIS GARTLEYS PATTERN’S POINT “D” (78.2%) = THE BUTTERFLY’S POINT “B” (78.2%) …. THIS GAVE ME ANOTHER REASON TO GO SHORT :)
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krushje BuzinessHandlers
Good point! :) Went short at 113.289. Bulls have been a bit stubborn on that one since my entry, but according to my Stochastic levels they are about to give up.
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THE RSI HAS ALSO CROSSED ABOVE 70%.. BUT I’M WATCHING MY TRENDLINE IF ITS GOING TO BE BROKEN
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