Bearish Gartley on USDJPY (Caution)

Nov 30, 2015

The USDJPY has now completed a bearish gartley, however, also note that we have a cypher pattern that will complete right above our stop loss but the fact that our RSI has gone overbought, I do believe we will see a retracement, whether that will be enough to hit our target remains to be seen but either way its a valid short.

Dec 2, 2015

Trade closed: target reached