Ichimoku MTF Analysis
Pair: EURJPY
Weekly : Bearish (Corrective Wave-Flag)
Daily: Side-way
H4: Bullish (Impulsive Wave)
Outlook: In weekly TF, a flag corrective wave can be seen. Bearish trend may continue once corrective wave finish.
In H4 TF impulsive wave is in progress and perhaps moving to test the down trend line (black) before making reversal to continue weekly bearish trend. A corrective wave may occur in H4 TF as long as pair is not below kumo.
Trading Plan: Wait for corrective wave in H4, perhaps ABC or ABCDE. Then enter long for short term profit.
Pair: EURJPY
Weekly : Bearish (Corrective Wave-Flag)
Daily: Side-way
H4: Bullish (Impulsive Wave)
Outlook: In weekly TF, a flag corrective wave can be seen. Bearish trend may continue once corrective wave finish.
In H4 TF impulsive wave is in progress and perhaps moving to test the down trend line (black) before making reversal to continue weekly bearish trend. A corrective wave may occur in H4 TF as long as pair is not below kumo.
Trading Plan: Wait for corrective wave in H4, perhaps ABC or ABCDE. Then enter long for short term profit.