GBPJPY AB Swing of Potential Bearish Butterfly/Gartley Pattern

FX:GBPJPY   British Pound / Japanese Yen
Looking at an upside move to weekly resistance (Weekly R1) which is also 78.6 Fib retracement level. Purely Technical based off the Bullish Cypher currently at Completion. Support level is combination of Weekly diagonal trend line where area of confluence of the support trend line is currently holding price at this support level . A stop below this level is considered safe where if the stop is reached the trade has failed or there was unexpected spike in price action.

This AB swing could end at the 50% or 61.8% fib levels where we would have a completion point of the 78.6% of a Bearish Gartley pattern. If the AB swing has a 78.6 move then we can expect price to continue with a upside bias where 127 extension will be area of completion. This move to the upside will hint at the possible sentiment for longer term price action and/or a possible correction to the downside depending on the pattern that forms.

If we see a Bearish Gartley , Bearish Cypher , Bearish Bat Form we can expect a correction to the downside before a larger move to the upside.

If we see a Bearish Butterfly or bearish crab form we can expect more upside momentum in the coming weeks with a minimal downside correction.

My Trades for the next 4 Swings

Current Pattern In Play


Resistance Levels FIb Expansions

Another chance to grab a long position near the bottom at completion of a bullish pattern on the 15M/30M Charts. This completion point will signal a H1 Pattern beginning its CD leg of a Bearish Butterfly . This leg should start the trade to the upside on the H4 and D1 where we have multiple CD legs simultaneously in play which normally provides the needed momentum for CD legs. This appears to be exactly what we need to reach my Weekly R1 target level.


Trade half way to target level R1. We have a clear view that the support/resistance levels revealed by using FIB ABC objective tool (expansion levels) are always great when placing additional positions, targets and stop losses. Here price is reacting off of them exactly as expected. I am adding a position when price confirms the move is begining to the upside again. I have a buy limit order 173.750. Gartley Pattern forming on the 15m could push price down to the support level activate my order and create hidden bullish divergence on the H1 and the H4 to create the momentum for price to reach my target level of R1


Another cleaner view of the pattern in play--Get ready for a sell signal at the completion point. I am going to manage my second position and let price stop me out and when doing so will stop me in to the downside move. This appears that the upside move could go further than the current target level. Likely the R1 stops the bulls and gives plenty of time to asses the what to do before the move continues or decides to reverse.



Following our forecast nicely. This is likely one of the best trades Ive seen in a year. This is the CD leg of a AB=CD pattern with many other patterns confriming this long move. 1000 pips to our target level of 184.712.


Second to last snapshot Target Level Nearly Complete
Roughly 300 Pips until the final profit target is reached. If you caught this set up as many did then you are in a rare trade. The significance of this trade was primarily the lag between price & time perspective. Where price was a big distance to our completion point but we only had a small amount of time it created a event that then catapulted price up in a sharp upside move. There were several key signals that you could have caught this trade. This is an example of why we trade the past present and future all in today which is our reality. Happy trading and below is my second to last snapshot for this phenomenal set up.

This is the largest trade I have seen in some time. For time price will take to get to our target level the capital working for us on this move is exceptionally high. Happy trading! Hope you enjoyed this analysis. This is definitive in that the patterns of nature are not random. We trade the past present and future all in today. The events in which price time correlates and predicts is in and of itself proof of a creator.
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