Here on the EuroYen, we are seeing a reversal of a .
Price has made higher highs, and higher lows, confirming my directional bias.
Topside projection of the is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg.
Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade.
After completion of the , we have a valid short, as price has completed a .
Bat confluence due to price action reacting to all necessary ratios, and the completion of the , which is essential to all 5 Point .
Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion.
Stop is set below the B point, as a close below would invalidate the pattern.
Trade safe, trade smart.