Possible Long on EJ

٢٧ أبريل ٢٠١٥

We've seen a bulling break above the CTL on the daily on this pair and if we drop down to the 4H TF we see a break and multiple retest of this line. I believe we will see a move up to test the previous highs and if the bulls have enough power perhaps even the 0.618 mark.

As I've recently taken an interest in Harmonic Patterns I believe that this pair also shows promise of completing a possible Crab Pattern which also aligns up with the 0.886 retracement.

I've had a look at I do think the bears will return but for now the bulls should have the edge.

Let's see how this pans out! Would love any feedback ;)

Happy trading folks - G5B_FX