EUR/JPY: will the pin bar scare sellers?

EUR/JPY: will the pin bar scare sellers?


BUY 130.90 SL 130.35 TP1 131.90 TP2 132.60 TP3 133.00

SELL 129.15 SL 129.70 TP1 128.15 TP2 127.50 TP3 123.90

On the daily chart of EUR/JPY, a successful break below the lower border of the 129.15-132.15 consolidation range will trigger AB=CD pattern with a target at 200%. On the other hand, a pin bar and exit outside of the downtrend channel will allow bulls to counterattack.


On H1, a break of the diagonal resistance with the following successful test of 131.4 will trigger a “Bat” pattern. Its 88.6% target is at 133.



NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

USD/CNH: a trade idea

Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

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