Trade Ideas Position: USDJPY Gartley Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 29, 2020 7:07 AM

A bullish Gartley setup and has checkback, hence, I've already engaged the trade.

The Gartley pattern is formed within the buy zone of this very timeframe, the 1-hourly chart.

With the candle confirmation, it is encouraging to engage the trade, however, the 1st target isn't a 2:1.

Trade active

⋅ May 29, 2020 1:54 PM

SLE: 107.13(+2)
TP1: 107.45(+34)0.7:1(Target Attained)

Comment

⋅ May 29, 2020 4:04 PM

SLP: 107.40(+29)

Comments

Dave-FX-Hunter

⋅ May 29, 2020 7:15 PM

Very nice trade wave analysis

RaynLim

⋅ May 30, 2020 3:26 AM

@DaweFXHunter, Thank You Dawe

forexwithfred

⋅ May 29, 2020 6:01 PM

This analysis is great! You're the only trader I've seen anticipate the bullish spike on this pair, here my bias as it stands now

RaynLim

⋅ May 30, 2020 3:29 AM

@forexwithfred, Thank You Fred, I do agree on a potential break and close above the resistance area, that is marked as rejection on your chart. Whether it can hold after the break and close above I've to observe from there.