GBPJPY is nearing the PRZ of two bearish harmonic patterns. The PRZ is tight at about 4 pips and falls in a nice S/R zone. EMA100 may also add resistance in this area. There has also been a slight bearish trend preceding the patterns to add to the bearish bias. Entry is placed at the base of the PRZ with SL above structure highs and target at .618AD.
Confluence in the PRZ:
Confluence in the PRZ:
- Bearish Bat
- Bearish Gartley
- EMA100 Resistance
- Structural Resistance
- TCT
