EURJPY Wave Analysis - Big drop ahead
EURJPY finally showed its hand with the last daily close. Price formed a sell signal after stalling around the recent high.
This last wave can be counted as a wave B and we should now see a impulsive wave C to the downside.
In my opinion wave 1 is finished and some kind of sideways correction could take place.
This would be some kind of flag/wedge pattern and soon break to the downside.
Wave 3 should start pretty soon and target for the whole C wave is under 120, so +200 pips can be made.
This last wave can be counted as a wave B and we should now see a impulsive wave C to the downside.
In my opinion wave 1 is finished and some kind of sideways correction could take place.
This would be some kind of flag/wedge pattern and soon break to the downside.
Wave 3 should start pretty soon and target for the whole C wave is under 120, so +200 pips can be made.
Not
Higher TF
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.