FX:EURJPY   Euro / Japanese Yen
EURJPY             seems to either be returning into it's consolidation zone (marked by blue lines) or is about to break out after a quick retest of resistance turned support (top descending blue line). If it is a break out, it will be a nice setup into a Gartley which will leave us with a quick way to make some pips.

Entry in the red box. Somewhere around 138.500 looks good (psychological level helps).

Target 1 at 137.500 (0.382 AD retracement).
Target 2 at 136.800 (0.618 AD retracement).

Both targets are supported by previous structure and profits should be taken before the structure is hit to prevent a bounce back and loss of profit.

Stop loss is at 139.400. This is just above X (which would invalidate the pattern) and slightly above previous structure to avoid getting stopped out too early.

Good luck and happy trading :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out