akyong

EURJPY: Several Advanced Setups WIthin

FX:EURJPY   Euro Fx/Japanese Yen
First off, we have price in a consolidation pattern. Breakout traders can monitor the break of the lower trend line as well as the 131.45 structure zone.

For advanced pattern trader, a break of the 131.45 structure also confluence with the potential BAMM trade (entering a long trade with target near the completion of the Bat pattern ).

And of course, we do have a potential Bat pattern setup at the top as well.

Current Sentiment: Bearish

Pending Technical Score (PTS)

Direction with trend: +2
SnR             Confluence: +2
Trendline Confluence: 0
Harmonic Confluence: 0

Total: 4/8

Wait for price action confirmation.

I would love to hear your opinion, feel free to comment, agree or disagree.

------------------------------------------------------------------------------------------------------------------------------------------------------------------

Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at https://www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!

Have a great pipping day!
http://www.fxpipsology.com/
https://www.facebook.com/fxpipsology
Cheers,
KY
If it drops to 128.9 I take it..
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out