7pasos

An Evening Star makes sense here

FX:EURJPY   Euro / Japanese Yen
290 0 0
The EURJPY             is showing by now a intention to form a candle pattern nowed as evening star and if today ends as looks now, will be a good signal because makes a lot of sense a reversal right here because:

1) after a 5 wave decline and a zigzag correction the pair is showing this reversal
2) the zigzag retracement have a nice 1 to 1 ratio between a and c waves
3) after a inicial push to the downside, the price had retraced deep (76.4) which is consistent with the normal behavior when the new movement announced by the reversal will be a trend and not just a pullback.

Just WAIT to see if the candle ends near its lows, this is important because other way will change the pattern and therefore won't be this reversal.
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