On the EUR.JPY 4h chart we have a potential long opportunity at the D leg completion of bullish Gartley setup.
The price reversal zone on this pair is between 122.043 & 121.483
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
AB=CD Completion 122.134
Fibonacci Confluence: 1.272% - 1.414% - 78.60%
Potential targets for the Gartley setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 124.084
Stop loss would be placed below X leg structure support.
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The price reversal zone on this pair is between 122.043 & 121.483
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
AB=CD Completion 122.134
Fibonacci Confluence: 1.272% - 1.414% - 78.60%
Potential targets for the Gartley setup placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 124.084
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official