EURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as well. To add to the bearish bias, two unhit weekly pivots sit below price.
Confluence in the PRZ: 1. Bearish bat pattern completion 2. Two bearish butterfly pattern completions 3. Unhit weekly pivots below price 4. Bearish Wolfe wave setup 5. Trendline resistance
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Komen
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Target 1 has been achieved. I have moved SL to breakeven and left all positions open due to heavily bearish PA.. My short EURJPY is hedged with a long EURAUD trade.
Dagangan ditutup: sasaran tercapai
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Target 2 Reached: +181 Pips *Those who closed at WW Target line banked +250 Pips