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UnknownUnicorn1118164
Dec 20, 2017 12:01 AM

USDJPY GARTLEY BULL |H4| LONG & SHORT |  Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. This Gartley also seats in the midst of a Head and Shoulder pattern signaling a potential move to the down side, which is why i am sentimentally bearish. Take a look at what happened on my previous setup, which delivered on both TP1 and TP2:

Fundamentals to look out for are as follows:
USD: US Empire Manufacturing Index, US Industrial Production and Manufacturing Production
JPY: Japanese Tankan Survey

Good Luck

Trade closed: target reached

TP1 Reached at 112.409. Profit = +113pips

Trade closed: target reached

TP2 reached at 111.614 profit = 144pips
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