SmartTradingFX

Will EUR/JPY Give anything back?

Long
FX:EURJPY   Euro / Japanese Yen
5
This pair has now traded its way into a key structure zone... Will we see a bounce? My CTS is as follows...

CTS

1. Key structure zone - Weekly
2. Oversold conditions - Weekly
3. Structure - Daily
4. Oversold conditions - Daily
5. Harmonic legs on both - 4H and 1H
6. Oversold conditions - 4H and 1H
7. 1.618 Fib extension - 1H

Keeping a close eye to see how price reacts in this zone! I have placed two potential Risk Reward profiles, a 2:1 and 3:1!

Lets see if we can get an entry signal...