EURJPY has completed a bullish gartley pattern in a tight PRZ. The pattern completed at a strong support trendline which will help drive price upward. To add to the bullish bias, two unhit pivots sit above price. The unhit monthly pivot for October, 2015 aligns precisely with the .618 retracement of the CD leg. SL is placed below X.Confluence in the PRZ:
1. Bullish Gartley completion
2. AB=CD
3. 1.272BC Projection
4. Trendline support
5. Missed pivots above price
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Trade closed: target reached
EURJPY Short: Targets Achieved
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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.