USD JPY Bearish Gartley Pattern forming (Feb 2014 Week 2 end)

A nice breakout from the news has sheared through our TP1 from previous order. A new pattern emerged with Bearish Gartley Pattern potentially forming the D legged. The target is at 102.874 (78.6% of XA) and then another shorting opportunity for next week if our targets are acquired.

The target lies exactly at previous structure high which gives a very good resistance for the market.
Good luck traders.

USD JPY Bullish Bat pattern hinting our Shorting targets? ( Feb 2014 Week 2 part 2)

Last weekend A Bearish Bat Pattern (H4 chart) was observed. Today, a nice Bullish Bat Pattern (H4 chart) forming hinting a potential Short Target @ 100.973 (D legged).

There's always risk of huge support on 50% XA retracement from previous high. Good luck traders!

DISCLAIMER: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. 

USD JPY Bearish Bat Pattern Formed

A nice Bearish Bat Pattern formed last week trading:
A nice Shorting opportunity with
TP1 at 101.883 (38.2% fib level of A-D) - nice support level from 2 weeks ago price movement)
 &
TP2 101.457 (61.8% fib level of AD)

Trade with caution.

DISCLAIMER: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.