GBPJPY has completed a series of bearish patterns. Two bearish Wolfe Waves are entering a their sell zones. A bearish Gartley pattern makes for a good place to enter. The Gartley PRZ is confluent with trendline resistance. SL is placed above X/5/5 with target at the unhit weekly pivot. Confluence in the PRZ:
1. Large bearish WW pattern potentially complete
2. Small bearish WW pattern potentially complete
3. Bearish Gartley pattern complete
4. Trendline resistance
5. .886AB=CD
6. Unhit weekly pivot below price
GARTLEY 15M
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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.