🌀 EURJPY - Wave 5 Final Push? Time to Watch for Reversal 🚨 (Elliott Wave + AO Divergence + Fib Confluence)
📆 Date: May 19, 2025
📊 Pair: EUR/JPY
⏱️ Timeframe: 1H
🔍 Tools: Elliott Wave, Fibonacci Extension, Awesome Oscillator (AO)
🧠 Technical Breakdown
We are currently tracking a textbook Elliott Wave impulsive decline, with price forming a clean 5-wave structure to the downside. The pair now seems to be completing Wave (5) — and several strong signals suggest that a bullish reversal might be imminent.
🔢 Elliott Wave Count
✅ Wave (1) to (4) are already completed.
🔻 Wave (5) has broken below the 2.618 fib extension — which confirms an extended fifth wave.
📉 Current downside target zone lies between the 4.236 – 4.786 extensions:
4.236: ~161.796
4.786: ~161.275
This blue box zone (161.80 – 161.27) is now a high-probability completion area for Wave (5).
📈 Awesome Oscillator (AO) – Bullish Divergence Detected
AO shows a clear bullish divergence between Waves (3) and (5).
Momentum is fading on the bearish side while price makes a new low — classic signal of potential trend reversal.
🎯 Trade Plan: Wait for Confirmation
We’re not jumping in yet — but we’re close.
✅ What to Watch For:
Let price reach the 4.236–4.786 fib zone (at minimum 161.796).
Wait for a Break of Structure (BoS) — a clear break above a recent lower high (likely Wave 4).
On the retest or pullback, look for long entry setups such as:
Bullish engulfing candles
Pin bar rejection
MACD/AO flip
Trendline breakout retest
🎯 Targets
TP1: 162.80 – 163.50 (previous Wave 4 zone)
TP2: 50% – 61.8% retracement of Wave (5)
TP3: 164.40 – 165.20 (supply zone and structure confluence)
🛑 Stop Loss Idea
Place SL below the 4.786 extension (~161.27) or beneath the new low formed, depending on your entry type (aggressive vs conservative).
⚡ Summary
This setup brings multiple confluences together:
✅ Elliott Wave (5-wave completion)
✅ Fibonacci extension target zone
✅ AO bullish divergence
✅ Waiting for structure break for smart entry
💬 Let’s Talk
Are you watching this setup too? Drop a 👍 or your analysis below — let’s grow together!
✅ Follow me for more clean setups using Elliott Wave, Divergence, and Price Action.
🔔 Hit the alert — EURJPY is cooking something!
#EURJPY #ElliottWave #Forex #AO #BullishDivergence #FibExtension #PriceAction #WaveAnalysis #TradingSetup #ForexSignals
📆 Date: May 19, 2025
📊 Pair: EUR/JPY
⏱️ Timeframe: 1H
🔍 Tools: Elliott Wave, Fibonacci Extension, Awesome Oscillator (AO)
🧠 Technical Breakdown
We are currently tracking a textbook Elliott Wave impulsive decline, with price forming a clean 5-wave structure to the downside. The pair now seems to be completing Wave (5) — and several strong signals suggest that a bullish reversal might be imminent.
🔢 Elliott Wave Count
✅ Wave (1) to (4) are already completed.
🔻 Wave (5) has broken below the 2.618 fib extension — which confirms an extended fifth wave.
📉 Current downside target zone lies between the 4.236 – 4.786 extensions:
4.236: ~161.796
4.786: ~161.275
This blue box zone (161.80 – 161.27) is now a high-probability completion area for Wave (5).
📈 Awesome Oscillator (AO) – Bullish Divergence Detected
AO shows a clear bullish divergence between Waves (3) and (5).
Momentum is fading on the bearish side while price makes a new low — classic signal of potential trend reversal.
🎯 Trade Plan: Wait for Confirmation
We’re not jumping in yet — but we’re close.
✅ What to Watch For:
Let price reach the 4.236–4.786 fib zone (at minimum 161.796).
Wait for a Break of Structure (BoS) — a clear break above a recent lower high (likely Wave 4).
On the retest or pullback, look for long entry setups such as:
Bullish engulfing candles
Pin bar rejection
MACD/AO flip
Trendline breakout retest
🎯 Targets
TP1: 162.80 – 163.50 (previous Wave 4 zone)
TP2: 50% – 61.8% retracement of Wave (5)
TP3: 164.40 – 165.20 (supply zone and structure confluence)
🛑 Stop Loss Idea
Place SL below the 4.786 extension (~161.27) or beneath the new low formed, depending on your entry type (aggressive vs conservative).
⚡ Summary
This setup brings multiple confluences together:
✅ Elliott Wave (5-wave completion)
✅ Fibonacci extension target zone
✅ AO bullish divergence
✅ Waiting for structure break for smart entry
💬 Let’s Talk
Are you watching this setup too? Drop a 👍 or your analysis below — let’s grow together!
✅ Follow me for more clean setups using Elliott Wave, Divergence, and Price Action.
🔔 Hit the alert — EURJPY is cooking something!
#EURJPY #ElliottWave #Forex #AO #BullishDivergence #FibExtension #PriceAction #WaveAnalysis #TradingSetup #ForexSignals
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.