LeeThompson97

EUR/JPY - ABCD Pattern Bearish Continuation

Short
FX_IDC:EURJPY   Euro / Japanese Yen
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1
Price has reached the top of a bearish channel . The last closed candle indicates a reversal, this is also in the same location as Fibonacci retracement zone (although I have not drawn this on). Stops can be placed above the trendline, my profit target is at the 116.238 area. This target is at the bottom of the channel, where the ABCD pattern finishes and where there is previous resistance from Sept-Oct.