J_Graystone
Long

EURJPY Counter Trend Trading Opportunity

FX:EURJPY   Euro Fx/Japanese Yen
473 2 16
As we push down to retest the previous level of support on the daily time frame, market has put in an ABCE             harmonic move which lines up with an 886 retracement , a 127 Extension, a 1618             inversion and also happens to line up with 127.00 even handle number. Fib Coincidence?!
RSI is also over sold so I think there may be an opportunity for you counter trend traders to get involved in a retracement looking at targets up at previous structure support .
we will be observing this pair this morning in the London live room.

http://www.tradeempowered.co.uk
wow, the power of CTS trading, lets you prepare for the markets
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Sir, How about the SL?
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