EURJPY - Bullish & Bearish Pattern Formations

FX:EURJPY   Euro / Japanese Yen
706 10 28
Its always good to be ahead of the market and the best way to ensure that is by doing consistent analysis.
During my pre market analysis this morning, I spotted this and thought I would share with you.

Had a great day in the live room yesterday and I'm looking forward to this morning session.
Recorded a snippet of the room yesterday which is below as a short video.


Check it out to see if this style of trading is something you are interested in.

If you are interested in this style of trading or would like to see what it really takes to be independently, consistently profitable, then go over to http://tradeempowered.com/london-live-room/ and come into my live room for a week for FREE to watch me trade live.



See you there!

spotted the Cypher last night but totally missed the Gartley :) tks for pointing it out
+1 Reply

Good afternoon. Very good idea . Just tell me where to put the TP and SL? Thank you))
Hey, there are several ways to set stops and targets on those patterns. Have you been testing anything specific ?

For example, you can use an ATR based stop or a 113 Fib extension on the AX leg
Conventional targets on those patterns are the 382 and 618 retracement of the swing high/low to swing low/high : CD leg for the cypher, AD leg on the Gartley
You need to adjust targets as well if price pushes past the D completion.

If you not sure and want to learn about those patterns I strongly advice checking out Graystone Live Room (www.tradeempowered.co.uk), you'll learn a lot.
+1 Reply
J_Graystone journeyofarookie2.0
Took words out of my mouth!! Thanks! See you in the room!
+1 Reply
Good spot. I've been expecting a bullish push up on this pair this week. That cypher would work out nicely :-)
As always, thank you for the analysis
+1 Reply
Anytime! Thanks for commenting
Thanks for sharing -
+1 Reply
J_Graystone SaeedRehman
No Problem
Nice I have the Cypher on radar already! Keep up the good work.
+1 Reply
Nice One man!
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