I have been looking at the development of this pattern for quite a while. It is now quickly approaching the pattern completion. Great profit opportunity. Place Stop-Loss a couple of pips above the 100% Fibonacci (starting pattern point). Tell me what you think.
The EURJPY has presented several opportunities in the last few weeks. I think this is another powerful one with profit potential to the Long side. It will reach the entry point within the next days if no hours... My personal entry condition is the enter the trade if the stochastic also turn up. It seems it will happen.... tell me what you think
This could either be a Bat or Crab pattern, depending on the extension of the CD Leg. Watch closely as price approaches the 129.841 (For Bat), observe price action around that level and better if you can complement with a stochastic confirmation. If it goes bellow the X point, a Crab pattern might be forming. Watch closely for a 2.24 or 3.618 fib...
