On USDJPY we have a completed bearish Gartley harmonic pattern with an AB=CD pattern inside.
Aggressive traders can take a short position now with generous stop loss.
Conservative traders can wait for reversal sign such as double top or break of trend line followed by 0.618 retracement of break leg then take short (as illustrated).
Take 1/2 profit at first target & move stops to break even.
- R
Aggressive traders can take a short position now with generous stop loss.
Conservative traders can wait for reversal sign such as double top or break of trend line followed by 0.618 retracement of break leg then take short (as illustrated).
Take 1/2 profit at first target & move stops to break even.
- R