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.

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KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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VictorTan
2 years ago
If it drops to 128.9 I take it..
Reply
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