EURJPY decline from 6/5 high is unfolding as an impulse and can see further downside while below 6/16/2020 high.This article looks at the Elliott Wave path.
Elliott Wave View: Rally in EURJPY Expected to Fail
EURJPY broke below September 3, 2019 low (115.86) and pair now shows a lower low sequence from February 2018 high and January 2020 high as the video below explains. Near term, decline from April 7, 2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from April 7, wave (i) ended at […]
EURJPY : Market Patterns Calling the Move Lower
EURJPY Technical Analysis On April 14/2020 I posted on social media (Stocktwits/Twitter) @AidanFX the SELL trade setup “Sell EURJPY @ 117.67 Stop Loss @ 117.93 Target @ 117.15“ EURJPY 1 Hour Chart April 14.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX April 14/2020 showing that price hit a clear Support/Resistance Zone (pink) […]
EURJPY: Rejection in Blue Box Starts Next Leg Lower
EURJPY has been under pressure since forming a lower high 121.15 on 25th March. It is yet to break below 10th March low but the bounces look corrective which increase the likelihood of a break lower. Moreover, other Yen pairs like CADJPY and SEKJPY are showing incomplete bearish sequence which also supports the idea of […]
EURJPY : Trading a Triangle Breakout Pattern
EURJPY Technical Analysis On March 30/2020 I posted on social media (Stocktwits/Twitter) @AidanFX “Will be watching for possible selling opportunities $EURJPY“ EURJPY 1 Hour Chart March 30.2020 : The chart below was also posted on social media (StockTwits/Twitter) @AidanFX March 30/2020 showing that a bearish descending triangle breakout pattern (black) was forming. I called for traders […]
Elliott Wave View: EURJPY Has Resumed Lower
EURJPY has completed correction and resumed lower in an impulsive structure. This article and video looks at the Elliott Wave path.