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KyleMcQuade
Oct 6, 2016 9:13 PM

USDJPY Bearish Gartley Short

U.S. Dollar/Japanese YenFXCM

Description

FX:USDJPY

*First post.. Be gentle!* Bearish Gartley on the Daily time frame, looking to go short around the 109.00 mark. Price may edge past the mark and touch the trend line- i'll go down 4 hour, potential the 1 hour, for my entry point!
Comments
SnB92
Hi Kyle - I'm a fellow newbie; just out of interest do you intend to trade the predicted move up to 109? I see a Fib resistance level at around 104, if it breaks and holds above that point it could be the signal of the move to 109/110 as you suggest; I just wondered if you personally stand aside until your short setup appears or whether you'd buy for the short-term?
KyleMcQuade
Hi! I have saw others who take positions within a pattern, however, I personally always wait for the pattern to complete itself before looking for a reversal candle around the D point.
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