LeeThompson97
Short

EUR/JPY - ABCD Pattern Bearish Continuation

FX_IDC:EURJPY   Euro / Japanese Yen
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Price has reached the top of a bearish channel . The last closed candle indicates a reversal, this is also in the same location as Fibonacci retracement zone (although I have not drawn this on). Stops can be placed above the trendline , my profit target is at the 116.238 area. This target is at the bottom of the channel, where the ABCD pattern finishes and where there is previous resistance from Sept-Oct.
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