Analyticssage

EURJPY Elliott wave analysis for next week 14.08.2020

FX:EURJPY   Euro / Yen Japonais
I am NOT gonna trade this market next week , although I was so bullish and it climbed up.
what we see as wave 3 is quite choppy and the first wave (wave 1) is a leading diagonal
I personally use leading diagonals when I am not sure about the future wave unfoldings.
I don't like the way RSI looks in the daily chart and I think we will have a pull back and another consolidation



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