Hello traders — hope you’re doing well and banking pips. Quick read on EURJPY: a 1:1 symmetry (AB=CD) completed and price is trading inside the PCZ. As long as the zone holds and we press back above the top of the box, I’m looking for continuation toward TP1.
Pattern
1:1 Symmetry / AB=CD (bullish continuation).
Swings: A 177.938 · B 174.818 · C 178.872 · D ~175.78.
Key Levels
PCZ support: 175.702–176.370 (100%–78.6%) — current battle.
TP1 zone: 178.853–179.710 (78.6%–100%).
Plan
Aggressive long: Bullish rejection/engulfing inside PCZ, then ride toward 61.8% first and TP1 box next.
Conservative long: Wait for an H4 close above 176.370, buy pullbacks while the PCZ top holds as support.
Pattern
1:1 Symmetry / AB=CD (bullish continuation).
Swings: A 177.938 · B 174.818 · C 178.872 · D ~175.78.
Key Levels
PCZ support: 175.702–176.370 (100%–78.6%) — current battle.
TP1 zone: 178.853–179.710 (78.6%–100%).
Plan
Aggressive long: Bullish rejection/engulfing inside PCZ, then ride toward 61.8% first and TP1 box next.
Conservative long: Wait for an H4 close above 176.370, buy pullbacks while the PCZ top holds as support.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.