EURJPY Technical Overview and Trade Opportunities
H1 TF Harmonic Readings:
Bearish Crab Pattern Completed at 125.150
Potential Bearish Deep Crab at 125.500
H4 Cycle Sniper achieved overbought levels and the key horizontal line. Retracement is expected soon. ( Please note we do not have the signal yet. )
Price Action Sniper sent the first reversal warning at 125.000.
Cycle Sniper has not signaled yet.
Murrey Math and Moving Averages:
H4 Murrey Math Support 1 : 124.600 Support 2: 124.200 Support 3: 123.850 ( W1 MA200 )
H4 Murrey Math Resistance 1: 125.000 Resistance 2: 125.300 Resistance 3: 125.730
As seen on the chart, the price is still far above the key fractal support line.
Short by the breakout of the fractal support. Targets are 124.000, 123.800 ( Key Support Line ), 123.500 and 123.100.
Short if price fills the deep crab pattern at 125.700.
We wait for Cycle Sniper H1 confirmation or Price Action Sniper Sell Signal as a confirmation tool.
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