2018Jun10 GBPJPY H4 Possible Bearish Gartley
There is a possible bearish Gartley for GBPJPY. Upon D completion at 148.549 (78.6 of XA) and confirmation of the bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:
Trade Setup: Possible Bearish Gartley
Price Entry 148.549
SL 150.594 | SL pips 204.5
TP1 146.504 | TP1 pips 204.5
TP2 145.240 | TP2 pips 330.9
TP3 143.195 | TP3 pips 535.4
RRR1 1.00 | RRR2 1.62 | RRR3 2.62
Trade Setup: Possible Bearish Gartley
Price Entry 148.549
SL 150.594 | SL pips 204.5
TP1 146.504 | TP1 pips 204.5
TP2 145.240 | TP2 pips 330.9
TP3 143.195 | TP3 pips 535.4
RRR1 1.00 | RRR2 1.62 | RRR3 2.62
Order cancelled
This setup is invalidated as D completion did not occur. (June 14)
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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.