On
EURJPY
, there was a strong fall last few hours. However, it seems now, sellers lost control of the price, and buyers starting to step in and push the price up. There is a shooting start which is the indication of reversal at our key zone. There is a structure low (support) around 131.17 (red box), where the price will more likely to react. In addition, the market formed a valid gartley pattern, which increases the probablity of this set-up, as it exactly finished its D leg on the reversal zone.
T1 - 38.2%
T2 - 61.8%
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EURJPY
, there was a strong fall last few hours. However, it seems now, sellers lost control of the price, and buyers starting to step in and push the price up. There is a shooting start which is the indication of reversal at our key zone. There is a structure low (support) around 131.17 (red box), where the price will more likely to react. In addition, the market formed a valid gartley pattern, which increases the probablity of this set-up, as it exactly finished its D leg on the reversal zone. T1 - 38.2%
T2 - 61.8%
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TOP 10 Forex Broker: www.best10forex.com
TOP 10 Binary Options Brokers: www.binaryreviewed.com
