moesalama

EURJPY: September 2014 analysis

FX:EURJPY   Euro Fx/Japanese Yen
153 0 0
predicting some good movement on this pair for the month.

I think I got an equal ABC pattern in creation, my A is fully complete (3 movement abc abc abc ),
my B is also done, (5 movement a, 3 very strange b structure but it is a 3, and a 5 wave c,
my C started its movement with a smooth a, a 5 wave structure correction i ii iii             iv and my v wave is being created with another 1 2 3 4 5, similar to my c in the B I assume that this 5 of v of b of C will show the same movement and there i will have my b,

my target for this movement is built up on:

1.88.6% Fibonacci retracement from point 0 to point 1,

2. 161.8% expansion for wave B of the correction

3. equal AB BC             movement, and,

4. equal ab bc             movement of wave C (equal internal structure)

In order to be able to tell whether i will buy from this point for a strong up ward movement i will have to wait for wave C to complete.

my selling entry will be @ around 137.35-65 AND i will have to wait for a completed reversal pattern from that point which for me will be a 5 wave upward movement.
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