russelldaily
Short

Double Top, Gartley and ab=cd

FX:USDJPY   U.S. Dollar/Japanese Yen
47 0 0
If the B retracement @ 119.90 is closed above before the C retracement is closed below @ 119.65 is the only way this scenario can happen. Also, I adhere to Carney's statement that the ab=cd is the most important part of the Gartley Pattern , which is why I'm ignoring the . 786 retracement of the XA leg. It is most interesting to see a Gartley complete at the start of the XA leg. Most likely to do with the . 382 retracement of the AB leg. Also, I wouldn't be too generous with my stop loss since it is a long term high and the pair has made some pretty good moves lately.

Good Trading.
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