GBPJPY - A double bearish harmonic pattern?

BRITISH POUND / JAPANESE YENICE

Description

⋅ May 19, 2017 1:09 PM

Confirmed bearish cypher seems to be leading into a bearish Gartleys C. Stoplosses go at impulselegs in either direction, targets at 38-61%.

Image imgur.com/zJ7fhii

Comment

⋅ May 19, 2017 4:35 PM

So this one took a beating from the recent retest and breakout of B - but still it looks bearish towards Gartley C.

i.gyazo.com/d7b7b6f926d2387ca02efd08459bd0cc.png

The way I see it, this further validates the Cypher with confirmation of both targets, and now we saw a bounce back up to Gartley C from Cypher targets.

image i.gyazo.com/b81e896232656c0479c092d50a930ce9.png

Comment

⋅ May 22, 2017 8:22 AM

Gartley C just got confirmed, and we're in for a rise to Gartley D before a short potential.