EURJPY
Eventual Bat pattern with point D target around 127.9$, and IF so, printing a new Low, but still Higher than previous structure Low's around point X; (expectations of an upward movement IF completed, but supportMN1 below, so the price can go further and test that support also);
AB=CD basic pattern, Point C printed around 61.8% and throwing a friendly sell sign; (i will search for sell oportunities once my RSI get close from overbought and the price action show convincing movements);
Eventual Shark with point C synced with AB=CD pattern and with an eventual bulls target around monthly resistance (MN1) @140/141; (this will invalidate the Bat pattern of course, and in the middle two brackets to break, weekly and daily support in both directions; *also a note about point B, forged, printed and closed between the 61.8% and 76.4% XA;
Note that both patterns may invalidate one another, Shark IF respected will invalidade the Bat, and the Bat will invalidade the Shark IF respected... and obviously we can see everything invalidated if we continue to see the price printing new Higher Highs;
Bullish BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D: (BUY)
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
Bearish SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D: (SELL)
88.6% to 113% XC
Target:
38.2% to 100% CD
Check ratios below (link)
Safe trades;
open.spotify.com/tra...kELABp3I5AgttwwM0U5l
