Feb 23, 2016 12:34 AM

USDJPY H4 - Possible long and short setups Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Feb 23, 2016 12:34 AM

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…

Comment

⋅ Feb 23, 2016 2:32 AM

View on H1 chart for possible entry setup

Comment

⋅ Feb 23, 2016 2:33 AM

Comment

⋅ Feb 23, 2016 3:33 AM

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)

Comments

newbie2016

⋅ Feb 23, 2016 2:38 AM

hi, just a quick question.. so as per your new chart.. c point is close to 111.7?

⋅ Feb 23, 2016 3:27 AM

Yes... PRZ for Bullish Bat pattern is (111.79 - 111.13) and for the Bearish Shark pattern projection, point C (112.15 - 111.40)

newbie2016

⋅ Feb 23, 2016 3:29 AM

thanks for detailed info!