2018Jun18 CADJPY H4 Possible Bullish Gartley

There is a possible bullish Gartley for CADJPY. Upon D completion at 83.563 (78.6 of XA) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bullish Gartley
Price Entry 83.563
SL 82.780 | SL pips 78.3
TP1 84.346 | TP1 pips 78.3
TP2 84.831 | TP2 pips 126.8
TP3 85.614 | TP3 pips 205.1
RRR1 1.00 | RRR2 1.62 | RRR3 2.62

Order dibatalkan:

This setup is invalidated with the formation of a candlestick closing below 83.563 (78.6 of XA). (June 18)