USDJPY - Gartley Pattern Formation
Bearish Gartley pattern forming on usdjpy. Nice short opportunity at around 110.00 (point "D").
D point based on 1.272 extension of AB swing because it has much better Risk/Rivard ratio than the original 0.786 XA
SL = 112.300
TP1 = 105.900 (fibo 0.382 of AD) with 1.7 Risk/Reward
TP2 = 103.200 (fibo 0.618 of AD) with 2.9 Risk/Reward
D point based on 1.272 extension of AB swing because it has much better Risk/Rivard ratio than the original 0.786 XA
SL = 112.300
TP1 = 105.900 (fibo 0.382 of AD) with 1.7 Risk/Reward
TP2 = 103.200 (fibo 0.618 of AD) with 2.9 Risk/Reward
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