EUROJPY COMPLETION OF A ABCD PATTERN

12 Mar 2018

EURJPY HAVE BEEN TRENDING DOWN FOR THE PAST 4 WEEKS THE MOMENTUM LOOKS STRONG TO THE DOWNSIDE. PRICE HAS BEEN CREATING LOWER LOWS AND LOWER HIGHS. FOR THE PAST DAYS PRICE HAS BEEN TRAPPED UNDER THE LEVEL OF 61.8% OF THE FIB. THE STRONG REJECTION OF THE 61.8% STILL SHOWS THE MOMENTUM IS STILL TO THE DOWNSIDE
ENTRY AT THE BREAK OF 131.2160
TP AT 128.3470