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EURJPY - Potential Bullish Gartley Pattern
EURJPY seems to be developing a potential bullish Gartley pattern on the hourly time frame.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
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