FOLLOW UP STRUCTURE ON EURJPY (4H)

This is the follow-up plan on the long term speculation published earlier ( see the previous broadcast on this pair for reference purpose);

Tendency: Temporary Downtrend (Bearish)
Structure: Harmonic | AB=CD
Observation: i. Impulse A-to-B breaks resistance @ 0.83600 to become new support C.
ii. B-to-C: The B- to-C leg is at exactly 61.8% Fibonacci retracement of the A-to-B leg.
iii. AB leg is in harmony with BC.
iv. Price has been rejecting 121.500 since 21st of October 2019 indicating a strong resistance.
v. Price gaining momentum towards Moving Averages.
Trading plan: SELL with TP1, TP2 and TP3(320pips) and SL @ 121.500/122.500 zone.
Risk/Reward: 1/4
Potential Duration: 8 to 12 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.


FREE TELEGRAM CHANNEL:
Subscribe and get real-time trading tips and updates
https://t.me/nirvanaconsorts

FACEBOOK PAGE:
www. facebook .com/nirvanaconsorts/

PRIVATE MESSAGE:
Whatsapp: +2348164343827 or
Telegram: https://t.me/AskMasterSheriff






Nirvana! Forex Trades & Investments
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by Nirvana Trades & Investments for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.