BRACKETING THE EUR/JPY
Recently I've done a brief analysis on Euro-Yen 1H and find two potential harmonic pattern completions that kind of bracketing the market direction. So whether the market goes up or down, I would highly likely gonna be Involved.
Here are those patterns, as you can see on the chart :
1. Bullish Cypher Pattern (Yellow)
2. Bearish Gartley Pattern (Blue)
Notice that I said highly likely not 100% I'm gonna be involved. Why? Because there is still a possibility when Price invalidate my Gartley Pattern (goes below the A points) and then goes up to invalidate my Cypher (Closed above the 1.414 X-A Fib. Ext.).
Anyway guys. Hope this on helps you in planning your trades.
Here are those patterns, as you can see on the chart :
1. Bullish Cypher Pattern (Yellow)
2. Bearish Gartley Pattern (Blue)
Notice that I said highly likely not 100% I'm gonna be involved. Why? Because there is still a possibility when Price invalidate my Gartley Pattern (goes below the A points) and then goes up to invalidate my Cypher (Closed above the 1.414 X-A Fib. Ext.).
Anyway guys. Hope this on helps you in planning your trades.
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