glennmercer
Short

Short USDJPY: Bearish Gartley at TL Resistance X2

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             has completed a bearish Gartley pattern at the intersection of two S/R trendlines . The structure of the Gartley is such that it's AB=CD completion forms a tight PRZ with the .786XA level. The PRZ coincides with the .786CD target for the bullish butterfly completed in August, 2015. To add to the bearish bias, an unhit November, 2015 sits below price and coincides with the .618CD Gartley target. SL is placed above Gartley point X and target set at the monthly pivot for November.

Confluence in the PRZ:

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Comment: Target 1 Achieved
thank you Sir, wait for prize action to sell
+1 Reply
Hey, Done !
+1 Reply
Let's watch for a strong yen this week!
Reply
Hiisham glennmercer
I think if we see him:
Below 122.65 look for further downside with 122 & 121.6 as targets.
Reply
nice work..!! 120 seems v. probable.. and from there i see one jump again for 122.2.. lets see
Reply
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