EURJPY H4 - Projected Bullish Gatley

We have a potential long Gartley formation taking shape on the 4 hour EURJPY. I like the potential reversal zone between the 786 X-A fib and the 1.27 A-B ext. This level is supported by prior support and resistance on 9/13 and at the start of this formation. Aggressively (not me), we could look at the 132 level which is right before the D leg completion.

I value your thoughts and comments, positive or negative, I learn from all and take none personal.
-Paul

Commentaire:

He hit our potential reversal zone early this morning and it has begun to turn. Always follow your entry rules. It is a slow H4 chart, patience is the name of the game.

-Paul

Commentaire:

Patience pays off in this case, potential profit levels at .382 and .618 were reached. Let's look for new opportunities.
-Paul