I only took two trades this week, if you were following my postings, you would have gotten into these trades. Let's have a look at them below.
USDJPY H1 Gartley: (-35pips loss)
Price just bashed through the PRZ and continued moving up to hit the stop loss. Weakness in the JPY, but it looks a little overstretched now. Read on to see a potential trade.
EURUSD H4 Gartley: (TP1 with +90pips, now still running with +112pips)
First batch out at TP1 and the second batch remaining is a risk free trade. Shift your stop loss level to the entry price. My TP1 is at 1.1615.
Trade Analysis : GBPJPY H4
As mentioned the JPY looks a little stretched and there could be a potential to take a counter trend trade towards the close of the trading week. Expecting market to correct as the traders take off profits off the table.
Trade engagement: I would want to see some kind of reversal pattern at the PRZ to confirm the short.
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These patterns have been good to our community. Hope to see you next week.
Trade well and trade safe