Check on Daily timeframe in Usdjpy, what we have got ? Bearish gartley one of the harmonic patterns which has good success ratio,so will it work in this pair ? We may need to wait for sometime to find the answer. We have another prev. resistance around 110's zone and Usdjpy hit the same area n completed the pattern, so according to this trade setup we can enter short positions.
Take this trade only,(i) if you are pattern trader ( or look for other valid trade setup to short ) (ii) If you have enough patience to hold the trade over weeks
I also discoverd Shark and bat pattern in this chart .Im sure if i spend much more time i can draw other animals too .
nice trade . I am still in long position.
InsiderB
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@namavar, Thats nice buddy, yeah with practice to eyes we spot them easily. I can't disagree with you as you are holding opp. view, All the Best for your trade, Happy Weekend.
raoadnan84
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Awesome ! thanks sir , thank GOD you took a break from nifty
InsiderB
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@raoadnan84, Ha ha what to do buddy ? When I try to post parallel on Nifty & Fx, I miss trades. Thats why I choose anyone :) Anyway I will try to maintain both simultaneously.
raoadnan84
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@InsiderB, Yes please atleast one forex pair, Stay blessed
InsiderB
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@raoadnan84, We will do more than that, Happy weekend & Stay Happy !
nice trade . I am still in long position.