"EURJPY: Bears must wake up" by trader RCP — published August 11, 2015

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Euro / Japanese Yen (FX_IDC:EURJPY)

FX_IDC:EURJPY Euro / Japanese Yen

EURJPY eurjpyshort AB=CD AB=CD AB=CD Harmonic Patterns Harmonic Patterns Harmonic Patterns Harmonic Patterns Parallel Channel short SELL redzone

eurjpy eurjpyshort abcdpattern abcdpattern abcdpattern harmonicpatterns harmonicpatterns harmonicpatterns harmonicpatterns parallelchannel short sell redzone

I see interesting setup today on FX_IDC:EURJPY

We got potential bearish ABCD pattern, completion @structure resist-Red Zone.
In addition there is a potential channel that could be used for an additional signal of reversal.
So we have: ABCD , structure resist and channel, Fibs 61.8.
I think it is a very good opportunity to go short.

Wish you a good trading day.

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