TomHall

GBP/JPY - GARTLEY PATTERN - D LEG COMPLETION AT 195.80

FX:GBPJPY   British Pound/Japanese Yen
GBP/JPY - 30m Chart - Gartley Pattern


Here on the 30m chart of GBP/JPY             we do have deep Gartley Pattern setup.
The D leg completes at X which are the highs of 2008, giving it a strong reversal area.

This pattern can also be seen on the hr             chart which is usually the time frame i trade, however on this occasion it is more visible on the 30m chart.

We must see a completion at D leg ( 195.80 ) before any short entry is triggered.

- SL must go above X
- Target 1 at 38.2% retracement
- Target 2 at 61.8% retracement

Good luck.
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