Hello traders — hope you’re doing well and banking pips. Quick look at GBPJPY: a clean Gartley completed with D ≈ 199.072. Price is trading in the PCZ; I want to see it hold above EL 199.916 to confirm continuation toward the target band.
Pattern
XABCD (Gartley) — A 205.327 · B 200.684 · C 204.247 · D 199.072.
Key Levels
PCZ: around 199.0 (D completion).
EL (reclaim trigger): 199.916.
Intermediate: 200-SMA ~ 201.55 (first headwind/support on reclaim).
TP1 zone: 203.914–205.230 (61.8%–78.6%).
Plan
Aggressive Long: Bullish rejection inside PCZ; risk tucked below D low.
Conservative Long: Wait for H4 close > EL 199.916, then buy pullbacks while EL holds as support.
Scale partials near 203.9 and let runners push into 205.23 if momentum stays firm.
Pattern
XABCD (Gartley) — A 205.327 · B 200.684 · C 204.247 · D 199.072.
Key Levels
PCZ: around 199.0 (D completion).
EL (reclaim trigger): 199.916.
Intermediate: 200-SMA ~ 201.55 (first headwind/support on reclaim).
TP1 zone: 203.914–205.230 (61.8%–78.6%).
Plan
Aggressive Long: Bullish rejection inside PCZ; risk tucked below D low.
Conservative Long: Wait for H4 close > EL 199.916, then buy pullbacks while EL holds as support.
Scale partials near 203.9 and let runners push into 205.23 if momentum stays firm.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.