AkashGaur

gbpjpy two trade setups

FX:GBPJPY   British Pound/Japanese Yen
145 0 3
Hello traders here we have two potential trades in the making. First one is to buy off the bounce of trendline below which could form an ab=cd formation further developing into a gartley . As we can see that price could not make a higher high but a low high so there might be some more decline in price before it goes further up. There are two possibilities now. First one is that the price might drop down and form the bc             leg of an ab=cd pattern which would lead into a gartley since most gartley patterns have a an ab=cd pattern in the there cd legs. first trade setup would be to buy from the bottom and targets and stops are shown in the chart. Second possibility is that the price might continue going higher without coming down and we can see from the completion of the gartley where also lies a fresh supply area.
My strategy is to buy off the bounce from the bottom and sell from the top.
Cheers

Related Ideas

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out