Commencez
dushko22

EUR/JPY Sell on Butterfly and completion of Garthley pattern

Short
Euro / Yen Japonais (OANDA:EURJPY)  
dushko22 Mis à jour   
OANDA:EURJPY   Euro / Yen Japonais
Harmonic Patterns Chart Patterns Wave Analysis EURJPY eurjpyshort eurjpyidea eurjpytrade
1
0
harmonicpatterns chartpattern waveanalysis eurjpy eurjpyshort eurjpyidea eurjpytrade
EUR/JPY have completed 5 wave in Elliot wave sequence and it is currently in ABC waves. A wave has been established and so has B. With termination of B wave I'm expecting a move towards C to 127.2% of XA move. Also I have noticed that pair is moving in Butterfly formation. With completion of Wave B it was a completion of point D in butterfly formation as well. Trade is Sell towards C and due to Termination of D move in Butterfly pattern. Stop loss is above point D (B in ABC) and Take profit at 127.2% XA move or 1:4 Risk to Reward.
Commentaire:
Tight stop loss. It should have been above X. I'm still selling and in position.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.