Hey tradomaniacs,
EUR/JPY broke out of its consolidation as expected and could give us a great opportunity to buy the retest 👉
After creating a typical flat-type-correction (W-X-Y-X-Z) within the 4-th-Wave we could see another wave upwards in order to complete the last 5th Impulse-Wave.
A retest of the previous consolidation will be important to see whether this is a fake-out or not.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
EUR/JPY broke out of its consolidation as expected and could give us a great opportunity to buy the retest 👉
After creating a typical flat-type-correction (W-X-Y-X-Z) within the 4-th-Wave we could see another wave upwards in order to complete the last 5th Impulse-Wave.
A retest of the previous consolidation will be important to see whether this is a fake-out or not.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Note
EUR/JPY: Daytrade-ExecutionMarket-Buy: 126,680
Stop-Loss: 126,340
Point-Of-Riskreduction: 127,015
Take-Profit: 127,345
Stop-Loss: 34 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.