There are two options for EURJPY at the moment. There is a formation on the daily time frame which is at the top of wave 4 and could see a really big move down to complete wave 5. Then there is the possibility that this structure will break to the upside now and that the corrective structure on the daily time frame will either change for a larger move down or will confirm the upside now.
Should we see the formation of a flag as depicted with the red arrows and then a break of that flag to the upside, that should indicate a big move up! As things stand now it looks like we may get the break to the upside but we need to wait for confirmation before entering this trade.
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Cheers
Linton
Should we see the formation of a flag as depicted with the red arrows and then a break of that flag to the upside, that should indicate a big move up! As things stand now it looks like we may get the break to the upside but we need to wait for confirmation before entering this trade.
Contact me via direct message for any assistance required
Cheers
Linton
Nota
I expect to see the formation of a smaller flag in order to confirm the long.Nota
The current setup indicates that we may be at the bottom of wave 1 and looking for confirmation of the move up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.