EURJPY 60min Bearish TCT
Looking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies.
Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area.
Stops - 1 ATR Above the last Swing High
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Extension
Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area.
Stops - 1 ATR Above the last Swing High
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Extension
Order cancelled
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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.