CADJPYFirst of all, the Yen... it's strong, caution!
After a double bottom, the price forges "one close" above the neck (check 4h chart) and start a retrace, now at 61.8%... and entering oversold, searching/waiting for divergence...
Stops should stay below the bottom's, it's a daily chart...
Long the 2618 // Short the AB=CD & Gartley;
Note that the 2618 trade setup can hit the 200% extension as target, even more, in some cases at 261% extension. The idea is to wait the price to get the harmonic ratios/price zone, and then search for options If they exists.
Check this Aud/Nzd as example of 2618 at 200% extension:
Safe Trades;
open.spotify.com/track/7y9KANOlFYRr9TTXvyAAVj
Note
Test point B ? ;)
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
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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.
Harmonic Patterns | Market Analyst | Forex Analytix | Porto, Portugal
Related publications
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.