X5
Long

USDJPY H4 - Possible long and short setups

X5  
FX:USDJPY   U.S. Dollar/Japanese Yen
9 months ago
Bearish Gartley pattern projection emerges and bull divergence is present. There is a possibility that the price retest support at 112.30 before rising.

Watching H1 chart for an entry setup…
9 months ago
Comment: View on H1 chart for possible entry setup

[image][image]https://www.tradingview.com/x/mfzGtJuR/[/image][/image]
9 months ago
Comment:
snapshot
9 months ago
Comment: Correction for PRZ on H4 chart (112.92 - 110.97), so the bearish Gartley projection will be still valid while price is above 110.97 (point C, not shown)
newbie2016
9 months ago
hi, just a quick question.. so as per your new chart.. c point is close to 111.7?
Reply
X5 newbie2016
9 months ago
Yes... PRZ for Bullish Bat pattern is (111.79 - 111.13) and for the Bearish Shark pattern projection, point C (112.15 - 111.40)
Reply
newbie2016 X5
9 months ago
thanks for detailed info!
Reply
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