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TheForexSamurai

D1 - 1:3 TP 1 and 1:5.5 TP 2 with the SRDC approach + DCC

Short
Euro / Japanese Yen (FX:EURJPY)  
TheForexSamurai Updated   
FX:EURJPY   Euro / Japanese Yen
Harmonic Patterns Trend Analysis
4
0
harmonicpatterns trendanalysis
Price currently playing at the 130.00 psychological number. Daily price closing below 1.30 will trigger a short/sell trade position and stops just at 130.60 (60 pips above the 130 psych number) just above previous day high price. Or could possible look for a setup to short/sell probably on the lower TF (Top down analysis) TP 1 with almost 1:3 RRR on the B point of a potential bullish Cypher pattern, while TP 2 with 1:5.5 RRR on the Bullish Cypher pattern completion together with an opportunity to buy/long depending on future market/price action. We will try to keep updated on this one. Trade at your own risk and trade with care.
Comment:
TP 1 taken.
Comment:
Almost near hitting TP 2 for 3k points, and by which will be looking to long/buy this market upon valid confirmation with precise and tight valid (placement) SL.
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