tmanuelasorina
Long

POTENTIAL ADVANCED BULLISH GARTLEY PATTERN

FX:USDJPY   U.S. Dollar/Japanese Yen
80 4 4
USD/JPY             is forming a potential bullish gartley pattern..If price will touch point D ,pattern will be complete and you can go long
Target 1 at 109,783
Target 2 at 110,052
Should your D point not be at the 127.2 expansion of the A to B leg which will give you a better RR? The 786 is too far from the 127.2 expansion?
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tmanuelasorina NaddStocks
The distance between 0,786 retracement and 1,272 extension is called the potential reversal zone,and in this potential reversal zone price can reverse.Also price must check the entire potential reversal zone before it will change direction
Sometimes price can change direction in the middle of the potential reversal zone .And if I move the point D at 1,272 extension I will lose the train
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I seen you post this early this morning, great catch! Did you get into your plan?
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Thank you
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