USD/JPY at Bearish Gartley Completion: High-Probability Short
The USD/JPY has completed a Bearish Gartley harmonic pattern, with the critical reversal zone (point D) aligning near the 154-155 resistance area. This technical confluence suggests a potential short opportunity for a trend reversal in the short to medium term.
Strategy: Sell at the Reversal Zone (Point D)
Rationale:
The 154-155 zone represents a critical resistance level, coinciding with the completion of the Bearish Gartley pattern.
Recent price action shows rejection candles near the resistance, signaling waning bullish momentum.
The TDI indicator reveals bearish divergence, with price forming higher highs while the indicator forms equal highs—validating a possible reversal.
Trade Parameters:
Entry Zone: 154.00
Stop Loss: 155.50 (above resistance and point D)
Take Profit: 150.00 (major psychological and technical support)
Risk-Reward Ratio: 1:2.5
This setup leverages the strong technical confluence of the Bearish Gartley pattern, validated by divergence and resistance tests. As always, price action confirmation near the resistance is essential before entering.
Strategy: Sell at the Reversal Zone (Point D)
Rationale:
The 154-155 zone represents a critical resistance level, coinciding with the completion of the Bearish Gartley pattern.
Recent price action shows rejection candles near the resistance, signaling waning bullish momentum.
The TDI indicator reveals bearish divergence, with price forming higher highs while the indicator forms equal highs—validating a possible reversal.
Trade Parameters:
Entry Zone: 154.00
Stop Loss: 155.50 (above resistance and point D)
Take Profit: 150.00 (major psychological and technical support)
Risk-Reward Ratio: 1:2.5
This setup leverages the strong technical confluence of the Bearish Gartley pattern, validated by divergence and resistance tests. As always, price action confirmation near the resistance is essential before entering.
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