EURJPY Extension Reached,Next Possible ABCD

This analysis is a reflection of last action projected into possible repeated action.
The idea is to follow the trend.
Even though retrace is expected , counter trending trade is not suggested, instead it is better to patiently waiting for correction complete then take the more rewarding long trade. Unless a strong impulse to downside is evident, we are in watching mode.
Sometimes the best action is not to trade
Chart PatternsTrend Analysis

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