GBPJPY Potential bearish Gartley pattern formation
A to B leg touches 0.618
B to C leg touches 0.618
C to D leg looks like it'll reach the 0.786 (Fib retracement) or the 1.272 (Fib extension) level
You can sell at either 146.843 (0.786) or 147.051 (1.272)
Stop loss set at the 0.5 extension level
Take profit set at the X point
Good luck! Hopefully this pans out.
B to C leg touches 0.618
C to D leg looks like it'll reach the 0.786 (Fib retracement) or the 1.272 (Fib extension) level
You can sell at either 146.843 (0.786) or 147.051 (1.272)
Stop loss set at the 0.5 extension level
Take profit set at the X point
Good luck! Hopefully this pans out.
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