USD/JPY Long Trade : Bullish Gartley Pattern, 1-hr. chart

USD/JPY has formed a Bullish Gartley pattern on the 1-hr. chart.  This is a good example of Buying in an Uptrend.  The USD/JPY has been in a uptrend for several months.  I prefer buying on pullbacks.
See chart of more info.  Happy Trading.

Short EUR/JPY off of 4-hr. Chart, Bearish Gartley

EUR/JPY has formed a Bearish Gartley on the 4-hr. chart.  A Bearish Engulfing candlestick also formed after reaching the point D high.  Stop above point X.  See chart for more info.  Happy Trading.

"It isn't that they can't see the solution.  It is that they can't see the problem."
-- G.K. Chesterton

** UPDATE ** USD/JPY Long Trade

USD/JPY Long trade off of a Bullish Gartley pattern is moving along.  Also, today's price action may form a Bullish Engulfing candlestick pattern which adds to the probability of the USD/JPY moving higher.

USD/JPY - Bullish Gartley, Daily Chart

Bullish Gartley pattern has formed on Daily chart of USD/JPY.  A nice Buy pattern in an uptrend.  Markets have been very volatile recently.  Manage your risks.  Trade Entry = 116.07.

GBP/USD Short Trade - Bearish Gartley Pattern

A Bearish Gartley pattern has formed on the 4-hr. chart of the GBP/USD.  Profit Targets are the 50.0% and 61.8% Fibonacci retracement levels of the AD move.  See chart.  AB=CD @1.5236; 1.272AB=CD @ 1.5280.  Current D point is between these two @ 1.5268.  Stop is @ 1.5371, which is above the 1.618AB=CD level (1.5334).

Bullish Butterfly - 4-hr. - EUR/USD

A Bullish Butterfly pattern has developed on the 4-hr. and 1-hr. charts of the EUR/USD.  This is against the long-term downtrend but looks good.  AB=CD@1.1773.  Pattern Data:

X = 1.1761
A = 1.1870
B = 1.1785
C = 1.1858
D = 1.1752

EUR/USD Short Trade - 1-hr. Chart, Gartley Pattern

EUR/USD has formed a Bearish Gartley pattern on the 1-hr. chart.  This includes a nice AB=CD pattern.  Here is the XABCD data, so you can do your own calculations.   Stop-loss = 1.1988, Profit Target = 1.1774 (78.6% retracement of AD).

• X = 1.1859
• A = 1.1754
• B = 1.1819
• C = 1.1780
• D = 1.1845

AB=CD @ 1.1845

"When you have eliminated the impossible, what ever remains, however improbable, must be the truth."  -- Sir Arthur Conan Doyle