fximperija
Short

Possible bearish bat

FX:EURJPY   Euro Fx/Japanese Yen
166 2 0
If EJ             is going to retest the previous upper values of the CZ             we can expect a retrace in the lower CZ             around 134.2. Still some 60 pips to go up before turning point.
Well, there are a few more patterns, the point is which one will complete and what will the PA do. EJ is trading sideways and can move in either direction. I do not like situations with unclear PA direction, meaning no clear pattern.
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I see a Gartley over here - 61.8 retracements on both the XA and AB legs so looking for D to touch around the 1.27 mark of the AB to complete and short it at that. What do you think?
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