The ranging price action in GBPJPY in the past several hours has given us some potential patterns. Earlier I posted two bearish opportunities, one smaller Bat and one bigger and deeper Gartley. Now, here in green, we can see that there is also a potential Bullish Gartley completing at 125.42. As usual, stop is below X (124.85), target 1 is at 38.2 (126.30) and target 2 is at the 61.8 (126.84). Now, we just wait to see which way the market wants to move and we are prepared for both bullish and bearish moves.
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The Bullish Gartley did not complete. However, we are filled on the Bearish Bat.