BRACKETING THE EUR/JPY
Recently I've done a brief analysis on Euro-Yen 1H and find two potential harmonic pattern completions that kind of bracketing the market direction. So whether the market goes up or down, I would highly likely gonna be Involved.
Here are those patterns, as you can see on the chart :
1. Bullish Cypher Pattern (Yellow)
2. Bearish Gartley Pattern (Blue)
Notice that I said highly likely not 100% I'm gonna be involved. Why? Because there is still a possibility when Price invalidate my Gartley Pattern (goes below the A points) and then goes up to invalidate my Cypher (Closed above the 1.414 X-A Fib. Ext.).
Anyway guys. Hope this on helps you in planning your trades.
Here are those patterns, as you can see on the chart :
1. Bullish Cypher Pattern (Yellow)
2. Bearish Gartley Pattern (Blue)
Notice that I said highly likely not 100% I'm gonna be involved. Why? Because there is still a possibility when Price invalidate my Gartley Pattern (goes below the A points) and then goes up to invalidate my Cypher (Closed above the 1.414 X-A Fib. Ext.).
Anyway guys. Hope this on helps you in planning your trades.
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.