Today we are looking at EUR/JPY on a 4h chart with a potential bullish gartley, this pattern has taken shape on several time frames.
The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area before breaking out of this range to make our A point. I'll be expecting a spike below to complete our D leg then a sharp move to the upside!
The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area before breaking out of this range to make our A point. I'll be expecting a spike below to complete our D leg then a sharp move to the upside!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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.