FullTimeTrader
Long

USDJPY-buy then sell

FX:USDJPY   U.S. Dollar/Japanese Yen
473 6 10
After good USD news this pair close clearly above the 120.00 level and main pivot point (we can see it on H4 chart).
Now is ready to reach last important high possibly forming a bearish bat.
The SL is below the 120.00 level and main pivot.
Im long here and i will be looking to sell a the bat completion.

Best regards.
jutkarsh PRO
2 years ago
snapshot


Hello sir, great analysis. What about tjis gartley pattern on USDJPY on 4 hourly?
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FullTimeTrader jutkarsh
2 years ago
Hello, the trade is on D1 chart and i must respect the levels here. Of course we can find many patterns on lower timeframes. You can trade it also following your rules and targets. Sometimes its difficult to choose wich pattern to trade when we have many patterns near the price. We must consider the market enviroment: the USDJPY sentiment is bullish for the nexts 3-4 days at least, so i expect the price to reach the last highs on D1.......
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Your bat target lines up with my time at mode setup (Tim West's technique).
If we fail to reach it in time, it'll be a really bearish sign.
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FullTimeTrader IvanLabrie
2 years ago
Thanks for your comment, i prefer to manage a trade dynamically considering the market enviroment (fundamentals), currency correlation and currency strenght analisis. If i see everything is turning bearish i close a trade, even with small profits.
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IvanLabrie TOP FullTimeTrader
2 years ago
Exactly, I agree 100%.
We can never be sure before hand...
If you're not dynamic, you're dead.
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IvanLabrie TOP IvanLabrie
2 years ago
snapshot
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