Lets keep eyes on this today maybe will have the "handle part" as well for this nice pattern. If price gently turns back and make us an other U formation and break above the neckline than go long. For target measure the distance between the neckline and the bottom of the handle. Stop loss goes just below the handle.
Flag pattern formed on eurusd. Pattern will be invalid if flag overshoots the 0.382 extension of the impulse leg. Wait for breakout. Watch if candle closes under the support level and short. For a safer trade wait for the pull back after the breakout and sell. Stop loss goes above the last swing high.
Bearish Gartley pattern forming on usdjpy. Nice short opportunity at around 110.00 (point "D"). D point based on 1.272 extension of AB swing because it has much better Risk/Rivard ratio than the original 0.786 XA SL = 112.300 TP1 = 105.900 (fibo 0.382 of AD) with 1.7 Risk/Reward TP2 = 103.200 (fibo 0.618 of AD) with 2.9 Risk/Reward
Price action making its way up to the Bearish Gartley Pattern's final "D" ponit. Once the price reaches this target selling seems like a good idea. Take profits are the 0.382 and the 0.618 fibo levels. Stop Loss is above the previous structure resistance at around 104.500. Both have nice Risk/Reward Ratios.