EURJPY short-term Elliott wave view suggests that the rally from 5/29 low (124.59) to 6/07 high (130.276) ended intermediate wave (1). The internals of that rally higher unfolded as Impulse Elliott Wave structure where subdivision of Minor 1, 3 and 5 unfolded also as an impulse in lesser degree. Down from there, the pair made a 3 […]
Elliott Wave Analysis: EURJPY Has a Bearish Sequence
EURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended wave (2). Down from there, the decline is unfolding as Elliott wave impulsive structure as expected and should complete wave (3). The internal sub-division of each leg lower is showing 5 waves structure in lesser degree cycles, which is characteristic of […]
EURJPY : Will Bears Push the Pair Lower?
EURJPY Technical Analysis 5.16.2018 EURJPY Possible SELL/SHORT Trade Setup: EURJPY on the 1 hour chart is breaking out of a possible bearish channel pattern and a Momentum Price Action Breakout Pattern can be forming where bears can potentially push the pair lower. Traders should be watching to see a retest and also watch to see […]
EUR JPY Elliott Wave Trading Strategy
The video below is a short capture from the London Live Session held on June 6th . Daud presented EUR JPY Elliott Wave count and explained the trading strategy. EUR JPY Trading strategy As our members know, we were keep saying that EURJPY is having incomplete bullish swings sequences in the cycle from the 06/24 low. […]
