A jar of honey in the bush // IF=THEN ®

٢٦ أكتوبر ٢٠١٥

GBPJPY

Bearish Bat and Gartley Pattern issues:
Point B forged between the 50% and the 61.8%...

Bat pattern point B 38.2% - 50%
Gartley pattern point B 61.8% - can't touch the 78.6%

Point C both valid...

Point D for Bat pattern @ 88.6% XA - incompleted
Point D for Gartley @ 127% ext AB or 78.6% XA - completed

Targets for both:
tp1 @ 38.2% AD
tp2 @ 61.8% AD

Eventual Bullish Cypher with point B closing beyond the 61.8%, hit the 127% extension forging the eventual point C synced with the Gartley point D and started to pull back... point D for this Cypher @181.608

Safe trades;