EURJPY - Potential long term buy set up
Reasons for trade:
- The current wave (correction) looks to be coming to an end. Divergence appearing on the MACD between the first impulse down and the current impulse down.
- Based on corrective structure having a minimum 3 waves, I expect one more move up to complete bigger picture correction.
- TP would be around the 78.6 level. If the current wave's low is at the 78.6 level.
- The current wave (correction) looks to be coming to an end. Divergence appearing on the MACD between the first impulse down and the current impulse down.
- Based on corrective structure having a minimum 3 waves, I expect one more move up to complete bigger picture correction.
- TP would be around the 78.6 level. If the current wave's low is at the 78.6 level.
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