KarYong

EURJPY: Several Advanced Setups WIthin

FX:EURJPY   Euro / 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/fxpipsol... 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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out