Hello traders, have a potential short trade on eurjpy
. The trade is still in the making and we are flat as we speak. We can have a possible trade if the pair is able to complete the cd leg of the harmonic
. A completion at the above trendline
is very possible. Also we have a previous structure at the in the same area. Looking to open the position ideally at the 130 area but positions can be considered when the price breaks the 129.50 area. For our take profit levels, we are looking at the 126.9 and the 125 level as the first two levels. If those levels are achieved an open target can be considered since the price can potentially make a new lower low if it is able to breach the 122 levels.