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Short

EURJPY HARMONIC PROJECTIONS SHORT

FX:EURJPY   Euro / Japanese Yen
TWO POSSIBLE SCENARIOS ON EURJPY HERE BOTH TO SHORT FROM LEG C TO D

1. GARTLEY , PRICE BROKE THE H4 SUPPORT ON EURJPY AND MAY HEAD DOWN TO 78.6 RETRACE TO COMPLETE THE GARTLEY AT 125.9 AND WE MAY SEE A PULL BACK TO POSSIBLY RETEST STRUCTURE BEFORE HEADING FURTHER DOWN

2. CRAB , PRICE BREAK THE 78.6 AND BREAK POINT X TO COMPLETE THE CRAB PATTERN

OVERALL- BOTH WAYS SHORT IS IN PLAY. MANAGE YOUR RISK PROPERLY AND WATCH FOR REVERSAL PATTERN TO GET OUT OF THE MARKET.

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