Akil_Stokes
Short

USDJPY: Gartley Formation, Rising Wedge, AB=CD Pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
Looking at the USDJPY             we have a completed Gartley Formation, Rising Wedge & AB=CD pattern completion at the same level.
Trade active
Trade closed: stop reached: -75 on the loss
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I took the same trade and therefore also the loss, I was more aggressive and had to take 87Pips though.
Then I saw the 2618 which formed after the recent radical decent move. Your XA leg is the second bottom.
+1 Reply
Yeah it was a pretty decent 2618 play
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is it still valid?
+1 Reply
No it is not
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Damn I didn't see that gartley but now it is too late. Instead I will look for a 4H cypher:
USDJPY potential bearish cypher pattern on 4H chart
+2 Reply
Nice!
Reply
Close beyond X but there a bat on 4hr that just completed at 102.982
+1 Reply
Nice find! Best of luck with your trade!
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