AlexBetts

EUR/JPY AB=CD with 5-0 Pattern

FX:EURJPY   Euro Fx/Japanese Yen
EUR/JPY             4H chart. Price has formed a potential AB=CD pattern starting from 27JULY forming C leg at 21JULY with a close .786 retrace. The projection from this is a 1.27 Extension from B. 5-0 Pattern originates just after the 27JULY with a C Leg forming at a 1.13 extension of A. D leg then forms at 2.24 extension of A. 50% of B-D is the next area for entering a buy, a violation of this area will result in a sell down to .886

Messy lines, First time trying to illustrate the trade. Any Comments/Criticisms welcome
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