kamoflaaz
Short

EURJPY Is history repeating itself

FX:EURJPY   Euro / Japanese Yen
In the previous downhill price consolidated for about an week where 50% fib was a strong support with monthly pivot point just below it.
Now the price is in a downhill again and sure enough, price is consolidating in the same area and 50% fib is acting as a support.

Looking for the break below 50% level (closing 4h candle).
Possible flag pattern also, but it doesn't really matter, since that's the way I'm expecting it to go anyways.

Red lines are median lines from 2 different pitchforks and as can see in this chart, price has been drawn to those lines. Consolidation is also happening around the (slightly) upward median line .

Magenta line is parallel from (slightly) downward pitchfork , just for reference.

TP1: around 61.8% fib level
TP2: around 113 -> 78.6% fib and downward median line coincide and monthly S1 pivot right below them
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out