EURJPY LONG
Retest of the neckline on the inverse Head and Shoulder pattern formation.
Price possibly at the 4th leg of the Elliot wave.
Price also retesting channel resistance turned support after breakout of the descending channel.
Channel resistance, Inverse H&S neckline and 4th leg of elliot wave area is also 38.2 fib retracement level.
Entry trigger is based on the nature of price action at the specified Entry zone.
Set up is no longer valid if price closes below 116.40 on the daily chart.
Price possibly at the 4th leg of the Elliot wave.
Price also retesting channel resistance turned support after breakout of the descending channel.
Channel resistance, Inverse H&S neckline and 4th leg of elliot wave area is also 38.2 fib retracement level.
Entry trigger is based on the nature of price action at the specified Entry zone.
Set up is no longer valid if price closes below 116.40 on the daily chart.
כתב ויתור
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