Hello traders, it appears EUR/JPY is also forming a 5-0 pattern on the 4h chart. This is an excellent opportunity with a potential 250+ pip return!
Price is currently completing the C leg with the minimum 1.618 level shown but it could push up further to complete at 2.24 before making a move towards the PRZ.
The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50