EURJPY Almost Set For BUY

25 May 2018

EURJPY is currently at the end of the 4th wave of the weekly impulse wave. Taking a closer look, price seems to be forming an emerging SHARK pattern but before that, i could spot a STANO 1.0 PATTERN on 4hours timeframe to kick start the wave 1 of the 5th wave on the weekly chart. A candle reversal is expected at the region of 127.500 - 127.000 on intra-day timeframe to trigger the bullish move.