EURJPY - Potential Bullish Gartley Pattern
EURJPY seems to be developing a potential bullish Gartley pattern on the hourly time frame.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
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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.