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:
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Crypto VIP: t.me/CryptoWickBot