Combining Elliott waves with Harmonic trading on EUR/JPY

FX:EURJPY   Euro Fx/Japanese Yen
a year ago
Hello fellow traders,

Nice long set-up on the EURJPY             market.

This another kind of trade I really like => low risk entry with huge potential for profits!

Well, on the Elliott waves analysis, the bearish trend already began, but we have a long opportunity right here to get on this potential wave C.

On the Harmonic trading view, we have here a really nice BAT pattern .

On top of that, price action formed a PIN BAR on the daily wich a Buy-stop order have been set just few pips above the bar.

The target is generous because we have, on the other side, an emerging bearish GARTLEY pattern wich we could use to get on this bearish trend later on (not showed on the chart, too messy).

The Risk/Reward on this trade is 15:1

Have a good trade!

"Suppose that this trade would be a loser and act accordingly with proper Risk management"
a year ago
Trade active: Bought @ 128.01Y
Stop-loss: 126.73Y
Take-Profit: 144.73Y

Risk/Reward: 13.2
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