TomHall

USD/JPY - Gartley Pattern

FX:USDJPY   U.S. Dollar / Japanese Yen
1260 2 27
USD/JPY             - Gartley Pattern .

On today's USD/JPY             1hr chart we have a potential long and short opportunity which will all depend on your trading plan and style.
It is possible to get short at the C leg of the Gartley Pattern at 120.284 which also coincides with the top of the bearish trend line .
A more conservative approach would be to await price to complete at the D leg of the Gartley Pattern at 119.342 before getting long.
I feel both the aggressive and conservative approach are plausible, but always trade your plan.

Although price seems to be respecting the C leg trend line resistance area at 120.256, I will be awaiting more confirmation before taking any action.

Potential targets for the Gartley Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .

http://www.UKForexSignals.com
Website: http://www.HallandCoTrading.com
Instagram: http://www.Instagram.com/HallandCoTrading
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/HallandCoTrading
StockTwits: http://www.StockTwits.com/TomHall
nice trade Tom; target 2 hit aswell!
Reply
Target 1 attained, stop loss has now been moved to break even awaiting target 2
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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