jtanum
Short

EURJPY following ABCD pattern?

FX:EURJPY   Euro / Japanese Yen
Hi Guys,

Here's another EURJPY trade pattern that i found quite interesting.

If you look at this chart, we can see that the price has reach the 0.618 level followed by a pullback to the 0.786 level, which then continues a its down trend.

I would wait to see what happens when the price hits the trend line , and make a decision from there. However, i believe that this chart is following an ABCD pattern .

T/P at 123.69
S/L at 132.89
R:R at 2.2

Pleased don't trade more than 2% of your capital

Cheers!

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