Andy_Parrish

GBPJPY 15M - Potential Gartley Patterns Short & Long

FX:GBPJPY   British Pound / Japanese Yen
Hi all,

Looking at a pair of potential Gartley Patterns, one Long @ 157.32 and one short @ 158.36, on GBPJPY             15M. Be aware of the overall trend as always, plus the pair put in a double top recently which could offer more opportunities if it holds. Be cautious of the market gapping on the open also.

Gartley pattern details are below.

Gartley Long @ 157.32
Stops below X @ 157.23
Target 1 @ 157.76
Target 2 @ 158.04

Gartley Short @ 158.36
Stops above X @ 158.49
Target 1 @ 158.06
Target 2 @ 157.88

As always, targets will be adjusted should either pattern fill.
Trade closed: stop reached: Gartley short invalidated.

Gartley Long hit stops for -43 pips.
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