Fluctuations in GBPJPY

GBPJPY CHART PRICE – GBPJPY 4H

The price has fluctuated for a while. No clear trend not too many signals. Some traders love this situation, they chase short terms and earn quick money. 

I would say this kind of situation could be a chance.

First I plot a Gartley Pattern here. Although the parameters are not very precise, especially the AC part, it still has the characteristics of the Gartley pattern. 

If we consider the pattern a Gartley pattern, then the price would go up from point D. We still have some other signals. The MACD is divergent from candles, this divergence could indicate that the price may reverse. Also, the cross is on the way. 

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.