Short EURJPY using CGP Pattern

8 בדצמ׳ 2020

Our analysis is using a pattern we call the CGP. The formation has completed its development where we track 5 key points of movement. Here, at the 5th point, we have a suspected reversal level. Our trade management allows for a stop loss about 15 pips above the high price at point 5. The target here is the point 4 in our pattern. These patterns are found frequently on multiple time frames. We will share more as they come!