WynnFX
Short

USD/JPY Short Trade: Bearish Gartley

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!
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