Potential Bullish Gartley with great Risk/Reward
Updated
Found this DEEP Potential Gartley setup on the 1hr chart. You can see that B never touches the 78.6% Fib from X to A Validating the Gartley setup. Target 1 is 3 to 1 R/R and Target 2 is 5 to 1 R/R. There would also be a 1 to 1 measured move down to the same area using the A to B and C to D legs. Looking left we have been bouncing off this same support level @ 122.14 We have also broken structure to the upside on the daily chart which has me looking bullish EURJPY
Note
Although this appears to be a great setup, I personally do not trade Gartley Patterns on EURJPY.Note
I am not involved with this but if you trade Gartleys on EURJPY you would be filled.Trade closed: stop reached
I wanted to go against my trading plan and take this Gartley because it just looked so good to me. Fortunately I traded my plan and stayed out. When I did my backtesting on EURJPY, Gartleys finished right around break even so I don't trade them on this pair.
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