kamoflaaz
Short

EURJPY Is history repeating itself

FX:EURJPY   Euro Fx/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
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