Hello again folks, I'm back.
Here we have this beautiful Gartley pattern being formed, the pattern is not completed yet,
but the CD leg it's 40% on the way to complete the pattern at 0.786XA, and here we also have the support zone crossing the PRZ.
This can be a nice opportunity to get short here on Dollar Yen.
Okay, let's follow the standard rules, I have to be honest I made some updates on the way that I view the markets and spot my analysis, that made me increase some steps and update others:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting (Notice that the terminal bar is the one that shows that the pattern is completed);
5. RSI Reversal Sign - Waiting;
6. Candlestick Reversal Sign - Waiting;
7. Candlestick Confirmation Sign - Waiting;
8. Risk Management - Applied;
9. Risk / Reward - 1/3;
" When tempted, no-one should say,
' God is tempting me.' For God cannot be
tempted by evil,
nor does he tempt anyone " James 1:13
Here we have this beautiful Gartley pattern being formed, the pattern is not completed yet,
but the CD leg it's 40% on the way to complete the pattern at 0.786XA, and here we also have the support zone crossing the PRZ.
This can be a nice opportunity to get short here on Dollar Yen.
Okay, let's follow the standard rules, I have to be honest I made some updates on the way that I view the markets and spot my analysis, that made me increase some steps and update others:
1. Harmonic Pattern Completion - Waiting;
2. PRZ Hit - Waiting;
3. PRZ Test - Waiting;
4. Terminal Bar - Waiting (Notice that the terminal bar is the one that shows that the pattern is completed);
5. RSI Reversal Sign - Waiting;
6. Candlestick Reversal Sign - Waiting;
7. Candlestick Confirmation Sign - Waiting;
8. Risk Management - Applied;
9. Risk / Reward - 1/3;
" When tempted, no-one should say,
' God is tempting me.' For God cannot be
tempted by evil,
nor does he tempt anyone " James 1:13