EURJPY following ABCD pattern?
Hi Guys,
Here's another EURJPY trade pattern that i found quite interesting.
If you look at this chart, we can see that the price has reach the 0.618 level followed by a pullback to the 0.786 level, which then continues a its down trend.
I would wait to see what happens when the price hits the trend line, and make a decision from there. However, i believe that this chart is following an ABCD pattern.
T/P at 123.69
S/L at 132.89
R:R at 2.2
Pleased don't trade more than 2% of your capital
Cheers!
Here's another EURJPY trade pattern that i found quite interesting.
If you look at this chart, we can see that the price has reach the 0.618 level followed by a pullback to the 0.786 level, which then continues a its down trend.
I would wait to see what happens when the price hits the trend line, and make a decision from there. However, i believe that this chart is following an ABCD pattern.
T/P at 123.69
S/L at 132.89
R:R at 2.2
Pleased don't trade more than 2% of your capital
Cheers!
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