USDJPY-Possible Bullish Gartley at the 101.20 area
If if completes over the next few sessions, there could be a fairly symmetrical bullish Gartley pattern
available near the 101.20 area on a 4 HR time frame . The B point is within a few pips of the 61.8 fib level.
If the pattern matures it should offer at least 2:1 and potentially 3:1 reward to risk. It would require a stop loss of just over 50 pips with a potential gain of about 150 pips should price manage to move back up to the level of the A point after the pattern completes at the D point.
available near the 101.20 area on a 4 HR time frame . The B point is within a few pips of the 61.8 fib level.
If the pattern matures it should offer at least 2:1 and potentially 3:1 reward to risk. It would require a stop loss of just over 50 pips with a potential gain of about 150 pips should price manage to move back up to the level of the A point after the pattern completes at the D point.