AkashGaur
Long

EURJPY pullback expected

FX:EURJPY   Euro Fx/Japanese Yen
252 6 13
Hello everyone here we can see that price broke out of a bullish triangle and now i believe it is close to completing its primary wave 3. Also have a possible butterfly with an extended AB leg and market conditions are overbought as well. Buying from the bottom might be a great idea
https://www.youtube.com/watch?v=8eIKXrCc02s
Trade closed: target reached
That was a very shallow Wave 4? Did you actually enter on such a small pull back?
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AkashGaur FXSpringbok
@FXSpringbok, The wave was extremely shallow, my analysis was based on the count however my entry was not based on the count but other factors since like you said the wave was extremely shallow and very hard to catch
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The triangle must be in the 4th primarily impulse wave if my count is correct and I belive is somewhat similar to yours;

snapshot


If vaild, there's lot of resistance around 118 which we should not go beyond I belive.
+1 Reply
AkashGaur DanielKjoelstad
@DanielKjoelstad, very possible
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AkashGaur DanielKjoelstad
@DanielKjoelstad, i am looking at that area because of the rule of alternation. Dont really believe in support and resistance otherwise
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@Fxtoronto, I see, -lets see how price behaves next week;)
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