Akil_Stokes
Short

USDJPY: Potential Bearish Gartley with Good Risk/Reward

FX:USDJPY   U.S. Dollar/Japanese Yen
Potential Bearish Gartley Pattern. With the completion being so close to the "X" leg it provides a really good risk reward ratio.

Hope to see all of you guys for tomorrow's "Paradigm Shift" event. If you're not signed up shoot me a private message and I can get you the link to do so.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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still valid would you say Akil?
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Akil, what is your opinion of the Bearish Gartley that is forming out of the "C" leg of the original pattern? Is this conformation?
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Akil_Stokes PRO OfficialN8smith
If your plan allows you to trade it, then make sure to get orders set
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OfficialN8smith Akil_Stokes
I stick to one move at time, or at least attempt to! I also see a double bottom or possible 2618 move?
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Took me a little time to figure this one out, as per the 'standard' rules to a gartley (and i say standard as everyone should have their own trading style & plan) the CD leg is meant to be a .786 retracement of lag XA i believe?

But i seem to be seeing that you seem to be using the 1.27 extension of the AB leg as entry, is that correct?

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Forsureex Forsureex
Ah i think i sem to have answered my own question! the .786 would only line up with a perfect 61.8% retrace and allow for no deviation!
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sorry I'm answering these out of order, but good to see that you figured it out
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correct
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Forsureex Akil_Stokes
I use a similar method, i take the lowest out of either the .886 of XA, the 1.27 Ext of AB as my entry so not too sure why it took my so long to figure out haha
+1 Reply
It happens, I have plenty of days where the brain just decides to call out from work
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