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UnknownUnicorn300837
May 4, 2016 5:48 AM

Lots of Gartleys setting up today 

British Pound/Japanese YenFXCM

Description

Doing my morning analysis, there is a few potential Gartleys setting up on several pairs YEN pairs today.
A bearish (with GREAT risk to reward ratio as it is a really deep Gartley) and bullish Gartley on this pair.

I have a bearish bias on this pair and am already short so can't take any of these trades, but wanted to share with you guys.

Comment

Bullish Gartley has completed, but its D leg did penetrate the A leg of the bearish Gartley which is thus invalid

Comment

Those who took the bullish Gartley, T1 was hit and stop can now moved to BE while waiting for T2 to get hit
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