JoMarshall
Short

Potential Bearish Gartley on USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
3908 21 76
10 months ago
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.

www.tradewithme.co.uk
10 months ago
Trade active
10 months ago
Trade closed: target reached: 1st Target hit +62 pips
10 months ago
Comment: Stops Moved to breakeven
10 months ago
Trade closed: target reached: Both Target Hit for a total of 100 pips. This is as painless as they come
abdulkarim1290
10 months ago
Top analysis as always! Thanks Jo
Reply
JoMarshall abdulkarim1290
10 months ago
Cheers mate! Let's see if we can get some money in the bag
+1 Reply
piptamil JoMarshall
10 months ago
Hahaha...
Reply
muniru
10 months ago
Nice use of the divergence
Reply
JoMarshall muniru
10 months ago
Thanks mate, it always gives me the extra bit of confirmation
Reply
jh34
10 months ago
Will it be alright to sell it now or too late?
Reply
JoMarshall jh34
10 months ago
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
Reply
jh34 JoMarshall
10 months ago
Okay thank-you
Reply
VPS
10 months ago
There is a bullish Gartley patten completion on the Daily chart. Based on this, can we look to go long?
Reply
JoMarshall VPS
10 months ago
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
Reply
VPS JoMarshall
10 months ago
My bad. It is a bullish Cypher pattern, and not Gartley.
Reply
VPS
10 months ago
https://www.tradingview.com/chart/7hLqK1j8/
Reply
JoMarshall VPS
10 months ago
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.
Reply
VPS JoMarshall
10 months ago
Thank you.
Reply
JoMarshall VPS
10 months ago
You're welcome
Reply
stomeg01 JoMarshall
10 months ago
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
10 months ago
Thank you bro and yes you're absolutely right, well done.
Reply
DerekUweri71 JoMarshall
10 months ago
Nice work Jo Marshall !!!
How did you calculate your Targets?
Reply
JoMarshall DerekUweri71
10 months ago
1st Target: 38.2 fib retracement of AD leg. 2nd Target: 61.8 Fib retracement of AD leg.
Reply
DerekUweri71 JoMarshall
10 months ago
Thanks Jo.
Reply
Funny_Jasper
10 months ago
USDJPY


Nice, I agreed with you.
+1 Reply
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