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AdamHong

EURJPY:Potential AB=CD Pattern and the 0.618 Retracement

Short
Euro / Japanese Yen (FX:EURJPY)  
AdamHong Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY AB=CD 0-618
1
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eurjpy abcdpattern 0-618
A potential bearish AB=CD pattern will complete at about 114.5 levels and the 0.618 retracement of the previous decline is at 114.8 level.
Meanwhile the previous structure is also located in this zone.
So it is good to sell short at 114.5-115.0 levels when bearish candles appear.
SL:above 115.2
TP1:113.8
TP2:113.3 and further more
Trade closed: stop reached
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