Another potential pattern for the Yen pairs. This Bearish Gartley will complete at 93.800. For those looking to squeeze a little extra out of this, you have a potentially massive 2618 trade setting up that could provide the entry for an aggressive C-Leg. If the market can press down into 91.445, you will have an entry for the 2618. Target one will take you to 93 even and target 2 will actually take you up to about 8-10 pips shy of the Gartley completion. This will probably take a couple days to setup, but its definitely one I have on my radar.
For those who don't want to risk that much on the 2618 trade, there is a nice kill zone under the .618 retrace. So if you want to go onto the 1hr timeframe, you can wait for possibly a double bottom and then enter. That way you can have maybe 30 pips of risk instead of putting in a limit order at the .618 and having over 100 pips of risk.
For those who don't want to risk that much on the 2618 trade, there is a nice kill zone under the .618 retrace. So if you want to go onto the 1hr timeframe, you can wait for possibly a double bottom and then enter. That way you can have maybe 30 pips of risk instead of putting in a limit order at the .618 and having over 100 pips of risk.