GBPJPY - Bearish Gartley

A Bearish Gartley Pattern forms within the double top retracement within the longer-term Bearish Trendline.

To sweeten the deal, the confirmation ends with a long shadow candle/pin-bar completing the Gartley Pattern.

The downside of this is that the RSI has not reach the overbought zone and the closing price of the long shadow candle can throw traders off the scale of Reward:Risk.

Trade geschlossen: Ziel wurde erreicht:

Target 1 : 153.88(+37)
Target 2 : 153.53(+78)
Total Profits: 37+78=115pips (approx. 1,150usd/lot traded)