Economic Calendar (+8GMT)

Pips collected since Feb 2014

PairsTypePriceTarget 1Target 2Collected pipsClosed
USDJPYShort102.684101.883101.4578013th Feb
EURUSDLong1.357821.36818 9913th Feb
USDJPYLong101.836102.835 Trading 
USDJPYShort102.882   Ordering 
       
Total Pips Collected    179

Friday, 21 February 2014

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.

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