Looking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies.
Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area.
Stops - 1 ATR Above the last Swing High
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Extension
Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area.
Stops - 1 ATR Above the last Swing High
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Extension
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