EURJPY Harmonic patterns
Updated
My focus on EURJPY.
We have the market trapped between 2 advanced patterns.
First opportunity
A Bullish Cypher (Blue pattern)
Valid entry at 128.415
particularly like this as Entry is sitting on a Weekly Support area.
Stop at 1.113 extension of C to X leg
127.623
-----------------------------------------------------------------------------------
Second opportunity.
Bearish gartley (Purple)
Entry @ 130.083
Stops 130.481
For now sitting back and waiting for PA to validate either pattern.
Good Luck
We have the market trapped between 2 advanced patterns.
First opportunity
A Bullish Cypher (Blue pattern)
Valid entry at 128.415
particularly like this as Entry is sitting on a Weekly Support area.
Stop at 1.113 extension of C to X leg
127.623
-----------------------------------------------------------------------------------
Second opportunity.
Bearish gartley (Purple)
Entry @ 130.083
Stops 130.481
For now sitting back and waiting for PA to validate either pattern.
Good Luck
Note
Gartley now invalid after PA broke A low.Watching for Cypher Entry
Note
Related idea is the EURGBP so expect the Eur to roll lower before entryTrade active
As trade is now valid i have entered a initial position. But i am expecting a PA to drop slightly lower as per comment and related idea
i will look to Enter another position then
Good luck with this high probability trade, traders
Trade closed: stop reached
Not the outcome that was anticipated. but rules followed means its a good trade.
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