tntsunrise
Short

GBP JPY POTENTIAL HARMONIC PATTERN

FX:GBPJPY   British Pound/Japanese Yen
185 4 5
THE PRZ is ard 168.30-168.50 areaRSI shows over bought and NFP doesn't push JPY to a new high.

Target 1 is point D which is 1.27 of AB leg and also 0.786 of XA leg. Around 164.83 - 164.97

Then we can long from that area, looking for a reversal sign again.

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For me, H4 RSI is suggesting that we will see a NEW HIGH !!! Time will tell, I suppose!
Reply
You are absolutely right dojitrader.
Reply
I'm curious ? Have you had much success with such aggressive trade ideas when no pattern has yet completed?
In other words, at this point it seems like you are guessing what might happen, more than trading the probabilities based on strict rules of completion ? If this is to be a Gartley when completed, what was the reason you choose .786 for point C
instead of the standard .618 ? Thanks for your thoughts !
Reply
tntsunrise TOP dojitrader
Thanks for your comments!
yes you are right. I should wait for the XABC comes out and looks for a D not just trying to guess what will happen.
I will avoid to publish such uncompleted ideas in the future.
Thanks again!
Reply
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