Fibo 23.60% Retracement of XA movement works as a resistance. ( 133.750 )
We have a triangle pattern on the H1 Chart.
If EURJPY breaks below ( Possible levels 1.33.360 ) the target will be 133.040 and 132.300 ( A possible Bullish Harmonic formation targeting the D point )
If EURJPY breaks above the target will be 134.400 - 134.200 ( Possible break out level 133.800)
I suggest that keep an eye on this triangle and enter the trade in the same direction of the breakout.
We have a triangle pattern on the H1 Chart.
If EURJPY breaks below ( Possible levels 1.33.360 ) the target will be 133.040 and 132.300 ( A possible Bullish Harmonic formation targeting the D point )
If EURJPY breaks above the target will be 134.400 - 134.200 ( Possible break out level 133.800)
I suggest that keep an eye on this triangle and enter the trade in the same direction of the breakout.
Kommentera:
Fibo 78 worked and tested Fibo 61.80 132.720 ... breakout of this resistance is important... 133.000 and 133.350 will be the next targets if breaks out
if breaks below fibo 50% 132.700 and 132.300 will be next targets
And our area of long entry will be 132.300 - 132.000 region