EUR JPY - POTENTIAL SELL

Price reached a 4 Hours Order Block and it has completed a GARTLEY Harmonic Pattern that shows potential reversal.

GARTLEY PATTERN
X - The highest point
A - the lowest point
B - 61.8 Fib from XA
C - 61.8 Fib from AB
D - above 1.272 on Fib Extension Ab back to A

Once D is completed , we look for a potential trend reversal.

ENTRY ZONE - is the 4H order block area.
We need to wait for the following:
1- price has to go at least at 50% into the 4H order block
2 - price has to BOS- break structure downwards in 15 MIN
3 - price has to retrace to at least 38-61% GANN BOX LEVELS

STOP LOSS
above the X point (add the spread) or above the 4H Order Block

TARGETS

TP1 - 61.8 level of Fib extension
TP2 - 32.8 level of Fib extension
Both TP align with order blocks

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#EURJPY
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#HARMONIC PATTERNS