EU finally broke out of consolidation and looks to complete a cypher or bat pattern.
Short upon break of triangle
USDJPY is now within 1.618 and 2.0 retracement of XA with confluence near 3.618 BC projection. Also within PRZ are 2 resistance lines marking Feb & Mar highs
If USDJPY continues to rallly we could see a reversal at around the previous resistance levels (blue lines).
1.272 retracement
Potential reversal at 1.272 retracement of leg BC
Was able to open Short Position on trend line break ahead of initial projected crab pattern (orange).
Newbie here, it's my first time publishing. Critiques are very much welcome.