Euro / Yen Japonais
Short

Euro Yen update, Not bottomed just yet

109
RSI
Tells us two things
- Cannot seem to break resistance at 50
- Hidden Bearish divergence (Price Makes Lower High's, but RSI does not make lower highs, look at coloured arrows)
Both tell us further downside is to come


Elliot Wave
- According to my count, Wave 3 finished off with a nice 100% extension.
- Wave just completed a nice 0.382 - 0.5 retracement
- Final 5th remaining

TP1 is at wave 3
TP2 just above 0.5 Fib (Of whole upswing)
TP3 just above 0.618 Fib

---

If successful, I will be looking for long entries for wave B of this larger correction

If unsuccessful and SL is triggered, Wait to see how price reacts to the trendline, maybe this wave 4 is not fully complete.

---

Thanks for reading, any comments are appriciated

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.