Euro / Japanese YenShort
EUR JPY - POTENTIAL SELL
Price reached a 4 Hours Order Block and it has completed a GARTLEY Harmonic Pattern that shows potential reversal.
GARTLEY PATTERN
X - The highest point
A - the lowest point
B - 61.8 Fib from XA
C - 61.8 Fib from AB
D - above 1.272 on Fib Extension Ab back to A
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib extension
TP2 - 32.8 level of Fib extension
Both TP align with order blocks
#SMARTMONEY
#EURJPY
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS
GARTLEY PATTERN
X - The highest point
A - the lowest point
B - 61.8 Fib from XA
C - 61.8 Fib from AB
D - above 1.272 on Fib Extension Ab back to A
Once D is completed , we look for a potential trend reversal.
ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS
STOP LOSS
above the X point (add the spread) or above the 4H Order Block
TARGETS
TP1 - 61.8 level of Fib extension
TP2 - 32.8 level of Fib extension
Both TP align with order blocks
#SMARTMONEY
#EURJPY
#INSTITUTIONALLEVELS
#GARTLEY PATTERN
#HARMONIC PATTERNS
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