EUR/JPY Adam and Adam Pattern in Progress

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The EUR/JPY has made a Adam and Adam bullish pattern and the breakout should provide a continuation.

EUR/JPY has formed a bullish Adam and Adam 1-2-3 pattern and we should see a continuation move to the upside. The pattern looks very similar to W pattern but it is more V-shaped, with two double legged bottoms. (1 and 3). Above 121.45 the price will target 121.54, 121.99 with a  potential towards 122.53. ATR projection is 122.03 so that could be the intraday target.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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