Hello traders! Happy Friday — hope you're closing the week strong.
Let’s break down this clean ABC Bearish pattern on EURJPY from the 1H chart.
📍 Structure Breakdown
We’re looking at a sharp A to B decline followed by a corrective rally into point C.
Point C completes just under the previous swing high, creating a potential lower high setup.
Price has reacted from this level and is now pushing lower, confirming bearish momentum.
🎯 Target Zones
We’ve projected the AB leg from point C to define a measured move:
TP1: 170.29 (100%)
TP2: 169.89 (127.2%)
Final extension at 169.38 (161.8%) offers additional confluence
Note how the TP1 zone aligns with prior structure levels and the 78.6% extension — offering a clean reaction area.
🧠 Pattern Notes
ABC symmetry-based projection
Bearish impulse > corrective rally structure
Potential for deeper extension if TP1 breaks
Beautiful example of structure-followed geometry
Let’s break down this clean ABC Bearish pattern on EURJPY from the 1H chart.
📍 Structure Breakdown
We’re looking at a sharp A to B decline followed by a corrective rally into point C.
Point C completes just under the previous swing high, creating a potential lower high setup.
Price has reacted from this level and is now pushing lower, confirming bearish momentum.
🎯 Target Zones
We’ve projected the AB leg from point C to define a measured move:
TP1: 170.29 (100%)
TP2: 169.89 (127.2%)
Final extension at 169.38 (161.8%) offers additional confluence
Note how the TP1 zone aligns with prior structure levels and the 78.6% extension — offering a clean reaction area.
🧠 Pattern Notes
ABC symmetry-based projection
Bearish impulse > corrective rally structure
Potential for deeper extension if TP1 breaks
Beautiful example of structure-followed geometry
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.