Shorting opportunity on EURJPY.
1) Bearish Gartley pattern completed at 131.920
2) Fib Level confluence 131.900-132.000 (Fib ext 127.2 + Fib inversion 141.4)
3) Harmonic move completed AB=CD at 131.950
Entry 131.920
Stop loss 133.630
Target 129.960
1) Bearish Gartley pattern completed at 131.920
2) Fib Level confluence 131.900-132.000 (Fib ext 127.2 + Fib inversion 141.4)
3) Harmonic move completed AB=CD at 131.950
Entry 131.920
Stop loss 133.630
Target 129.960
Comment:
We got a shooting star candle on the daily. Usually when this candlestick appears at the end of an uptrend it is considered as a reversal pattern. I am looking to add into my position if I get some confirmation tomorrow. As a confirmation I ll use a lower daily low.
Comment:
50% of my position is closed in profit. Rest 50% of my position has the stop loss moved to breakeven