JoMarshall
Short

Potential Bearish Gartley on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
3923 21 76
So we have a potential bearish gartley pattern on this pair and we are just a few [pips away so let's see if we can get there. We also have the extra bonus of a bearish divergence on the rsi so this should be a good one.

http://www.tradewithme.co.uk
Trade active
Trade closed: target reached: 1st Target hit +62 pips
Comment: Stops Moved to breakeven
Trade closed: target reached: Both Target Hit for a total of 100 pips. This is as painless as they come
Top analysis as always! Thanks Jo
Reply
JoMarshall abdulkarim1290
Cheers mate! Let's see if we can get some money in the bag
+1 Reply
piptamil JoMarshall
Hahaha...
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Nice use of the divergence
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Thanks mate, it always gives me the extra bit of confirmation
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Will it be alright to sell it now or too late?
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Yes you can still sell it because we haven't hit our first target yet but your risk:reward ratio will be less than 1:1 so i wouldn't advice you to sell
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jh34 JoMarshall
Okay thank-you
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There is a bullish Gartley patten completion on the Daily chart. Based on this, can we look to go long?
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I can't see a bullish gartley on the daily because the B leg did touch the 78.6 retracement on my chart but long term it's a good buy but on a lower time frame it's a great shorting opportunity. Also notice there's a bullish cypher on D1
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VPS JoMarshall
My bad. It is a bullish Cypher pattern, and not Gartley.
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https://www.tradingview.com/chart/7hLqK1j8/
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Yeah correct, it's a cypher not a gartley like you mentioned earlier. Long term you will probably be right but i don't trade the daily time frame.
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VPS JoMarshall
Thank you.
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You're welcome
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stomeg01 JoMarshall
i really like your chart, thankyou very much for sharing. now i can see a triple maximum on 30m chart. can you confirm Jo? thanks again
Reply
JoMarshall stomeg01
Thank you bro and yes you're absolutely right, well done.
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DerekUweri71 JoMarshall
Nice work Jo Marshall !!!
How did you calculate your Targets?
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JoMarshall DerekUweri71
1st Target: 38.2 fib retracement of AD leg. 2nd Target: 61.8 Fib retracement of AD leg.
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DerekUweri71 JoMarshall
Thanks Jo.
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USDJPY


Nice, I agreed with you.
+1 Reply
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