TWO POSSIBLE SCENARIOS ON EURJPY HERE BOTH TO SHORT FROM LEG C TO D
1. GARTLEY, PRICE BROKE THE H4 SUPPORT ON EURJPY AND MAY HEAD DOWN TO 78.6 RETRACE TO COMPLETE THE GARTLEY AT 125.9 AND WE MAY SEE A PULL BACK TO POSSIBLY RETEST STRUCTURE BEFORE HEADING FURTHER DOWN
2. CRAB, PRICE BREAK THE 78.6 AND BREAK POINT X TO COMPLETE THE CRAB PATTERN
OVERALL- BOTH WAYS SHORT IS IN PLAY. MANAGE YOUR RISK PROPERLY AND WATCH FOR REVERSAL PATTERN TO GET OUT OF THE MARKET.
1. GARTLEY, PRICE BROKE THE H4 SUPPORT ON EURJPY AND MAY HEAD DOWN TO 78.6 RETRACE TO COMPLETE THE GARTLEY AT 125.9 AND WE MAY SEE A PULL BACK TO POSSIBLY RETEST STRUCTURE BEFORE HEADING FURTHER DOWN
2. CRAB, PRICE BREAK THE 78.6 AND BREAK POINT X TO COMPLETE THE CRAB PATTERN
OVERALL- BOTH WAYS SHORT IS IN PLAY. MANAGE YOUR RISK PROPERLY AND WATCH FOR REVERSAL PATTERN TO GET OUT OF THE MARKET.