EURJPY Harmonic patterns

1 mars 2022

My focus on EURJPY.

We have the market trapped between 2 advanced patterns.

First opportunity
A Bullish Cypher (Blue pattern)

Valid entry at 128.415
particularly like this as Entry is sitting on a Weekly Support area.

Stop at 1.113 extension of C to X leg
127.623

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Second opportunity.
Bearish gartley (Purple)
Entry @ 130.083
Stops 130.481

For now sitting back and waiting for PA to validate either pattern.

Good Luck

1 mars 2022

Note

Gartley now invalid after PA broke A low.
Watching for Cypher Entry

1 mars 2022

Note

Related idea is the EURGBP so expect the Eur to roll lower before entry

1 mars 2022

Transaction en cours

As trade is now valid i have entered a initial position.

But i am expecting a PA to drop slightly lower as per comment and related idea
i will look to Enter another position then

Good luck with this high probability trade, traders

1 mars 2022

Trade fermée: ordre d’arrêt atteint

Not the outcome that was anticipated.

but rules followed means its a good trade.