PipTips

BULLISH GARTLEY FOR SMALL GAIN?

Long
FX:GBPJPY   British Pound / Japanese Yen

Hello traders! A Bullish Gartley reversal pattern possibly developing awaiting the completion of the D point. The measurements for the X-A retracement didn't quite meet the requirements to validate the pattern. The B point was off by a few percentages but the setup looks good since price barely broke below 129.200 before a small pullback. We may see a bearish move to retest the PRZ during London session where we will monitor price action in this area for a buy opportunity if our confirmations give the signal. This is an idea and should not be interpreted as a signal, it is shared for educational purposes.

Good luck to all traders and trade smart, don't gamble.
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