WynnFX

USD/JPY Short Trade: Bearish Gartley

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USD/JPY has formed a Bearish Gartley pattern on the Daily chart. I usually try for the 38.2% and 50.0% Fibonacci Retracements of AD. AB = CD @ 119.88. 1.272AB = CD @ 120.69. High Probability Reversal Area (HPRA) is between these two numbers (119.88 -- 120.69). Stop is above point X. See Chart for pattern data. Happy Trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.