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.
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.
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.