EUR_JPY: Euro heads north to complete the pattern
Euro will break the resistance at 119.889 level and will complete the candle close at 120.668 level.
Few hint that this is a valid entry:
1. Fibo retracement of previous high and low bullish engulfing candle shows current position is at 60% retracement.
2. It finished the 5-wave move.
3. Following the pattern it is now moving towards the C pattern to wrap up the ABC pattern.
4. Look for candle close for structure completion
5. This already happened before in the past on the Daily TF.
Happy Trading.
Few hint that this is a valid entry:
1. Fibo retracement of previous high and low bullish engulfing candle shows current position is at 60% retracement.
2. It finished the 5-wave move.
3. Following the pattern it is now moving towards the C pattern to wrap up the ABC pattern.
4. Look for candle close for structure completion
5. This already happened before in the past on the Daily TF.
Happy Trading.
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.
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.