USDJPY Bearish Gartley and Potential Short Opportunity
Pair / Instrument: USDJPY
Time Frame: DAILY
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BULLISH
Description: USDJPY is forming a Bearish Gartley harmonic pattern. The pattern would be completed at 113.212. Confirmation level with Murrey Math lines is 113.280. We have shared a bullish crab in the telegram channel as well. All those patterns are indicating a minor bearish retracement.
Trade Based On: USDJPY Bearish Gartley
Entry: 113.200 – 113.300
Stop Loss: 113.900
Take Profit 1: 112.600
Take Profit 2: 112.200
Extended Target: 111.800 TARGETS REACHED
Notes: The Trade Idea we have shared in the telegram. Bearish Crab in H1 Chart.
Sell at 112.970
Target 1: 112.700 / TP 1 REACHED
Target 2: 112.500
THE LINK OF THE BEARISH GARTLEY IDEA: USDJPY BEARISH GARTLEY
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
USDJPY Trade Idea: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility