Description: USDJPY is printing a Bearish Gartley on the M30 Chart. Before the Gartley completion, a potential Bearish Shark Pattern would be completed at 108.620. We will watch the price action to enter the trade.
Time Frame: M30
Trade Period: Intraday /Scalping
Estimated completion time: 2-12 M30 Candle Sticks
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bearish
Trade Based On Bearish Gartley Harmonic Pattern
The accuracy of the pattern: 87 %
Recommended Lot Size: 0.10 at 10K
The Area Of The Entry: Shark Entry: 108.630 Gartley Entry: 108.730-108.840
Stop Loss: Above X 109.100
Target 1: 108.400
Target 2: 108.210
Target 3: 107.810
Extented Target: 107.440
Note: If the pattern does not work as predicted and breaks above 109.180, it is likely to test 109.540. We have a bearish butterfly pattern which can be used for short entry. I will publish it according to the price action.
You can view the setup:USDJPY Bearish Gartley
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money