EURJPY - 60M BEARISH BAT - BEARISH GARTLEY - ADVANCED PATTERNS
Hi All, I wanted to share this potential shorting opportunity for those who trade advanced patterns. With both of these patterns if we see the price push beyond the B legs we would anticipate a D completion, if you look at both of these patterns D completion - which is our entry point is right at the Previous Structure levels,
This should provide a good opportunity as we know Structure leaves clues.
As always Traders on screen for easy to read charts, color coded for you
Bearish Gartley Pattern: Grey
Entry - Green @ Between 78.6% Fib Retrace and 1.272% Fib Ext
Initial Targets - 38.2% and 61.8% From our A to D move - Targets to be adjusted on D completion
Stops - Minimum Level above X leg @ 1.113% Fib Ext - Second Stop to be moved at Break Even when Target 1 Is reached.
Good luck traders
This should provide a good opportunity as we know Structure leaves clues.
As always Traders on screen for easy to read charts, color coded for you
- Red Stops
Green Entry
Targets Color Coded
- Bearish Bat Pattern: Blue
Entry - Green @ 88.6%
Initial Targets - 38.2% and 61.8% From our A to D move - Targets to be adjusted on D completion
Stops - Minimum Level above X leg @ 1.113% Fib Ext - Second Stop to be moved at Break Even when Target 1 Is reached.
Bearish Gartley Pattern: Grey
Entry - Green @ Between 78.6% Fib Retrace and 1.272% Fib Ext
Initial Targets - 38.2% and 61.8% From our A to D move - Targets to be adjusted on D completion
Stops - Minimum Level above X leg @ 1.113% Fib Ext - Second Stop to be moved at Break Even when Target 1 Is reached.
Good luck traders