EURJPY:Potential AB=CD Pattern and the 0.618 Retracement
A potential bearish AB=CD pattern will complete at about 114.5 levels and the 0.618 retracement of the previous decline is at 114.8 level.
Meanwhile the previous structure is also located in this zone.
So it is good to sell short at 114.5-115.0 levels when bearish candles appear.
SL:above 115.2
TP1:113.8
TP2:113.3 and further more
Meanwhile the previous structure is also located in this zone.
So it is good to sell short at 114.5-115.0 levels when bearish candles appear.
SL:above 115.2
TP1:113.8
TP2:113.3 and further more
Trade fechado: stop atingido