Bearish Gartley Pattern Spotted in EUR/JPY – Swing Trade Plan!

The EUR/JPY has completed A to B wave at 128.600 before jumping towards C to D wave of 127.600 to 129.400. We can take a sell position...


The investors seem to be a bit shy amid US Elections, FOMC and Fed Fund rate ahead. The market behavior is pretty obvious, but we can trade the cross pairs which are rarely influenced by the US dollar. Buckle up for a swing trade in EUR/JPY…

EUR/JPY – Trading The Bearish Gartley Pattern

While doing analysis, we spotted a bearish Gartley pattern in EUR/JPY which can offer us a good long-term entry. Take a look at the 4 – hour chart below, the EUR/JPY has completed A to B wave at 128.600 before jumping towards C to D wave of 127.600 to 129.400.

Support Resistance
129 129.3
128.89 129.5
128.59 129.8
Key Trading Level: 129.2

Perhaps, we can take a sell position below 129.200 to target 128.700. While the buying can be seen at 128.650 today.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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