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foureyescoder

EJ Long from FVG after ABC Pattern

Long
Euro / Japanese Yen (FX:EURJPY)  
foureyescoder Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Technical Indicators
13
1
trendanalysis indicator
EJ just reached FVG area and in progress to reach the "B" point in ABC pattern.
using SMC technique, we can identify easily the pattern ABC in H4 and breakdown the entry point at M15 to find an entry after price break CoC and rejected in nearest valid FVG area.
Comment:
risk reward ratio for this entry is 1:11.55 which is HUGE!
Comment:
EJ takes some fuels from retail traders before take-off.. we will see the final result tomorrow
Comment:
some profit from the entry point but market still rejected at the double top line. we will see the progress here. can use trailing stop to secure the profit.
Comment:
sideways market. but the entry is still valid.
any rejection on the FVG area is a valid entry for LONG
Comment:
beautiful rejection at FVG area
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