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efirestone
Aug 19, 2016 2:34 PM
USDJPY Potential Harmonic Bearish Garley Pattern
Short
FX:USDJPY
60
U.S. Dollar/Japanese Yen
FXCM
Description
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Aug 19, 2016 2:34 PM
The
FX:USDJPY
bearish harmonic Gartley pattern would complete at the D point of 100.841. Looking to enter just below the 141.4 extension of the A>B leg with targets at 38.2 and 61.8. Stop is at a 1:1 risk/reward.
Entry: 100.808
Target 1: 100.384
Target 2: 100.101
Stop: 101.232
Trade active
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Aug 22, 2016 6:54 PM
Target 1 reached, stop moved to break even on 2nd trade
Trade closed: target reached
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Aug 23, 2016 6:49 PM
Target 2 was reached and trade closed. This trade worked out perfectly.
USDJPY
Bearish Patterns
Harmonic Patterns
Gartley
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