GBPJPY - Bearish Gartley+++ Don't forget to LIKE & Follow+++I got filled in a Bearish Gartley Formation on 15M, GBPJPY.
This particular Gartley is in the underlying direction of the bearish trend - so this is a nice way fro hopping on this downtrend.
Stops will be above X and above Previous Pullback too.
For targets I'm looking for conventional 0.382 for 1st target and for my 2nd I'll be shooting a retest of A's leg.
Entry @ 135.40
Stop @ 135.93
Initial Target 1 @ 134.82
Initial Target 2 @ 134.02
Good Luck!
-Alex
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Gbpyjpy
WAITING FOR KUMO BREAKOUTI already have shorts at 140.630.
Price is ranging in the Kumo at the moment with KS resting and Ts showing a slight move down. Not enough confirmation or volume for anyone to add any sells until we see a Kumo breakout, If it breaks out we could see 135 and possibly 130 tested. Also theres news in the AM during london.
GBPJPY continues to head downtownWith GBPJPY continuing to creating new lows every week, i expect the same with this week as well. On the 4h timeframe, a beautiful dragonfly doji could be seen. Following with it are several bearish candles which gives me a strong sentiment that this pair will head down lower. To be on the safe side, I'm waiting for gbpjpy to break 156.624 before entering a short to lower lows.