EUR/JPY AB=CD SHORT

9 thg 12, 2017

Possible AB=CD pattern forming.

C point retracement at just over .618
RSI(14) divergence

Main targets at 1.618 and 2.618 extension to form D point.

Could do and should do :)

10 thg 12, 2017

Ghi chú

After a study of the weekly chart I have also found a bearish AB=CD has just completed starting from (A)Jun 2016 (B)Dec 2016 (C)Re .618)April 2017 (D) Ex 1.618) Nov/Dec 2017 and looking further back this pair has been bearish from every December except for 2012 but from memory I think that year the iPhone5 was released? so it was a big year for the tech industry and the JPY would have suffered from the Nikkei being bullish. So things are looking even more promising :)

11 thg 12, 2017

Giao dịch đang hoạt động

Have the marker I was waiting for, retraced to the 707 so main target is now the 141 extension @ 131.39

11 thg 12, 2017

Giao dịch được đóng thủ công

Trade closed for other reasons.... going fishing :)