finitemonk
Long

EURJPY: Time for Long?

FX:EURJPY   Euro / Japanese Yen
35 0 5
It would appear there is an wave upward due, a C wave to form a zig-zag ,because by the count shown there are 3 waves up from 126, back in April             , three waves sideways but slightly down in a channel so there should be 5 or maybe 3 waves up.

From observation B waves are frequently the ones which themselves contain triangles.

Is the BoJ going to announce an increase in monetary base? Or will it be a Euro             driven trade?

Even if it only goes back up to 140 or thereabouts there's a few hundred pips there.

Not in long yet, but I think I might use an EMA crossover of some kind on a lower time frame, say H2, to enter a long .
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