According to my long term analysis this pair is forming a big ABC pattern shown on the chart. Wave C is starting to ulfold possible as an impulse wave labeled 1-2-3-4-5 Price is now making a deep retracement for wave 2, after that i expect an strong bearish decline. You can use the harmonic setup shown below as your entry point (bearish bat).
Best regards!! do not overtrade!!
Commentaires
xChampi0nx
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I sill can't see impulsive structure on 1 on lower tf. Can you post a chart pls?
xChampi0nx
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I,however, do agree eur jpy will be lower in coming months for C.
FullTimeTrader
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Hello, im assuming wave 1 is a leading diagonal
xChampi0nx
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ye make sense. thanks again
DamosResultados
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I entered short at 138.0 but this worried me :(
FullTimeTrader
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Hello, i respect other traders ideas but my bias is tha all EUR pairs will decline after the last push up, anyway, if your are long you can take profits near 140.000
Regards