EURJPY AB=CD at point C.

2019-11-18 03:55:30

AB=CD pattern is being painted by Price.
Weekly trend is bearish
Daily shows a strong bullish movemen which has retested the consolidation zone.

The price has not made it to the larger 61.8 level, finding a position in between.

From the one hour time frame there is a clean AB=CD retesting the previous structure. The trendline has been broken. There is also a Star formation (key reversal pattern)

I have not seen any divergence.

However a reward of 113 pips is possible.
Entry below the bearish candle stick would risk 8 pips if stop loss is placed around the structure level, or 40pips if at 61.8 level.
(1:2.8 & 1:7) depending if you are conservative or willing to take a tighter entry.