On the Daily time frame We can see two advanced pattern set ups.
Firstly, the Bat Pattern D leg has recently completed (Green pattern). Although We do also have a cypher pattern (BLUE) confirming Bearish momentum. However EURUSD would need to come up a further 90 + Points to complete the cyphers D leg At 1.1464's ...
After seeing a strong move to the up side, we see this pair move into a 100 pip ranging consolidation.
Short EURJPY on the break out and close below of previous support @ 116.89
77 pip target (one)
Target (twos) ??
After seeing price show strong bullish run... looking to take this counter trend trade set up on this price break of 2.0333
1:1 60 points
1:2 120 points
1:3 180 points @ 618 retracement
Stops ' @ 2.0394 (60 Point)
USDJPy has pushed through horizontal level @ 109.68 to now test strong daily trend line currently seeing indecision.
if price can break below 109.85 showing strong continuation... looking to take short a position with stops at previous 8 hour candle high 110.48
Look at jumping in on this down trending market at 0.8775 level if price can break below...
Price has retraced, testing new Resistance, now looking for the signal to short this market.
Stops @ 0.8793
Good potential reward on this set up,
1:2 initial targets, further targets @ 1:4 + if market continues to show ...
NZD USD overall up trending momentum seeing Bullish signal on support trend line pull back, close to major 1D support area.
Looking at 50 point stop, placed below the low of the previous indecision candle.
Entry - looking for further bullish momentum to break previous candle high @ 0.6803
1.2 risk reward