EURJPY recently completed an ending diagonal where we had a truncated 5th wave. Now that we have the top in place, we can look for shorting opportunities below "The Top".
Please note that we could be making a complex ABC correction for wave 2. If we do, we'll have another chance to catch the move down from the place indicated on the chart.
Trade idea:
- Watch for breakdown of the current correction
- Entry on break of red trendline
- Stops above correction. Safer stops above "the top"
- Target the recent lows 138 (700pips)
Goodluck and as always, trade safe!
Possible complex correction:
Please note that we could be making a complex ABC correction for wave 2. If we do, we'll have another chance to catch the move down from the place indicated on the chart.
Trade idea:
- Watch for breakdown of the current correction
- Entry on break of red trendline
- Stops above correction. Safer stops above "the top"
- Target the recent lows 138 (700pips)
Goodluck and as always, trade safe!
Possible complex correction:
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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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.