EURJPY is still in consolidation of its bullish trend but a harmonic figure could be in formation with a potential short. The problem is where to place your stop, in this scenario. The only potential setup would be shorting at the smaller harmonic completion (123.680) with a stop loss just above previous high and a first target at main support. Second target would be at 118.83.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.