Hello guys,
On the hourly chart eur/jpy is testing previous ressistance, along with RSI overbought and the AB=CD pattern.
If the ressistance holds, my targets will be:
.382 retracement of AD (stop loss will be moved to breakeven)
.618 retracement of AD
Stop loss will be at previous structure wich gives me a nice 1:2 RR
Cheers
On the hourly chart eur/jpy is testing previous ressistance, along with RSI overbought and the AB=CD pattern.
If the ressistance holds, my targets will be:
.382 retracement of AD (stop loss will be moved to breakeven)
.618 retracement of AD
Stop loss will be at previous structure wich gives me a nice 1:2 RR
Cheers
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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.