PateSkpate
Short

USDJPY Bearish Trend Continuation Trade & Gartley

FX:USDJPY   U.S. Dollar/Japanese Yen
10 months ago
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
10 months ago
Trade closed: stop reached
Akil_Stokes TOP
10 months ago
Good find, thanks for the heads up!
Reply
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