Euro / Japanese YenShort
EUR/JPY going down?
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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