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jjburrel
Jan 8, 2020 10:05 PM

Consolidation Breeds Patterns pt. 2 Short

British Pound/Japanese YenFXCM

Description

Nice Gartley pattern formation setting up here on GBP/JPY. The entry is over 100 pips away, so I'm looking for short term buy set-ups in anticipation of the ride up. I'll then be looking to sell once the pattern completes. Entry, targets, and stop loss are on the chart. As always, make sure to follow your rules. Good luck trading!

Comment

Entry approaching, but I am not using a limit order. I will be looking for entry reasons on smaller time frame, so I will not be in this trade exactly at 144.
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