lukeboland

EURJPY: Patterns for the Bulls and Bears

FX:EURJPY   Euro / Japanese Yen
Hi Traders,

There are two advanced patterns nearing completion on EURJPY             . There is a bearish Cypher Pattern completing the D leg at 113.540, and a bullish Gartley Pattern completing the D leg at 112.630. If we move below 112.780 before moving up to reach the Cypher pattern completion it will be invalid. It will be interesting to see how this plays out during today's trading.

Bearish Cypher
Entry: 113.530
Stop: 113.830
Target 1: 113.250
Target 2: 113.090

Bullish Gartley
Entry: 112.640
Stop: 112.200
Target 1: 113.040
Target 2: 113.310

If you found this useful leave a like, it's always appreciated.

Wishing you profitable trading for the rest of the week.

Luke
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