There are some amazing setups forming on the charts, here we have EUR/JPY on a Daily chart with an AB=CD pattern. Straight away this could be an excellent shorting opportunity from the C-D leg move, we will also have a potential long position in the near future upon completing the D leg.
We are bearish on this pair as long as price stays beneath the descending trend line and 200 EMA. Once price hits our C point I will be looking for a short position, breaking our counter trend line!
We are bearish on this pair as long as price stays beneath the descending trend line and 200 EMA. Once price hits our C point I will be looking for a short position, breaking our counter trend line!
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
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.