On EURJPY, there is no trend on 1H bars. The structure low and support is at 130.154. It seems price reversed there and buying power is expected on Monday. Moreover, there are 2 harmonic patterns (Cypher & Gartley) which finished their X leg at support zone. Thus, this set-up is a high probability trade to go long. Stop loss should bey placed above support level. P.S Wait the market to be opened on Monday to avoid any unpredictable moves. ----------------------------------------------------------------------------------------------------------------------------------------------------- Trading Books Online - trading-library.com Top 10 Forex Broker: best10forex.com
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.