EURJPY has completed a 5 point Wolfe Wave setup after price overshot the 1-3 line and reversed in the 'sweet zone'. Conventional profit target is the 1-4 target line, but a conservative target may be taken at the alternate target line. As published previously, there is a bullish crab T3 at the top of previous structure highs so the trade may be carried out further depending on price action. Note: Since a missed daily pivot sits below entry which may drag price down, I have set a tight SL below point 5.
Previous Bullish Crab Idea:
Related publications
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.
Related publications
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.