USDJPY Bearish Trend Continuation Trade & Gartley

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies.

Currently we have a Gartley , ABCD Pattern , and Fib Inversion all lining up in that "Sell Zone" (Purple box).

This gives us a CTS             score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10.

Entry - I will use the Gartley Pattern to enter this trade aggressively.

Stops - 1 ATR above last Swing High

Target #1 - Retest of Previous Structure Lows

Target #2 - 1.27% Fib Extension of the last down leg
Trade closed: stop reached
Good find, thanks for the heads up!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out