EURJPY
- Printing Lower Highs after touched resistance D1, giving signs of bears pressure but i have to admit a possibility to go test the resistance H4 or Support H4 again, and eventually, to complete a Gartley Pattern at Monthly resistance. IF so, there's a friendly Short opportunity forged; (point D for Gartley);
- IF the price break the bearish trendline before completing the Gartley mencioned above, i will search for Short opportunities with target for an eventual Bat pattern point D around 1.10800, and IF it happens, and the price action starts to create new higher highs at point D, i will look for a Long shot at least to the 38.2%, the first TP for the Bat.
Once the price action decide where to go we can take our actions, IF=THEN ®
Bullish BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Bearish GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Check ratios and previous published ideas below;
Safe trades;
