Hi Traders, I thought I would share this potential long opportunity here on EURJPY
, as always I have marked it all on chart color coded. For those who trade advanced patterns on the Daily - remember if this does not meet your rules then dont trade it, remember its not a signal service only sharing my analysis. This trade is a fair way off as we can see its almost 500pips - but always good to mark these levels as we know the markets can move very fast.
- Minimum Stops at 1.113% Below X Leg
- Initial Target 1: 38.2% Retrace from A to D Leg - Targets Adjusted when we have D completion
- Initial Target 2: 61.8%% Retrace from A to D Leg - Targets Adjusted when we have D completion
If Price goes upwards I will post another analysis - If price goes past the A Leg then this pattern will be invalid.
Good Luck and Happy Trading