Euro / Japanese YenShort
EURJPY - Short
EURJPY 0.02% has broken back into a previous range and has completed a Bullish Gartley pattern. Conventional first target on a Gartley are a 38.2% Fib of the CD leg, which would take us back into previous structure and the top of the historical range.
We are looking for a retest of structure at the 38.2% Fibonacci level, and if we see a reason for entry at this level we will be selling with half a position as this is counter-trend.
Entry: 130.490
Stop: 25 pips
Target: 60 pips
We are looking for a retest of structure at the 38.2% Fibonacci level, and if we see a reason for entry at this level we will be selling with half a position as this is counter-trend.
Entry: 130.490
Stop: 25 pips
Target: 60 pips
Related publications
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.
Related publications
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.