Looking for a possible long position in EURJPY , scaling in and out, while moving my stop up conservatively to lock in profits, good luck!!
No one is offended man, what r u talking about? I'm letting you know that u have more work to do before trying to correct people on EW. I have been trading for 7 years, I am the head analyst of Taurus Management and specialize in EW, and harmonics. Anyone who has an understanding of EW knows where you are coming from because you are going by the first and most basic rule without realizing their are exceptions to that rule. My counting strategy comes from the man himself, so it is petty funny to hear someone tell me its a mistake lol
There is nothing definite in the forex market. In the chart above I am showing what I will do if the setup plays out, until then I don't have much of a bias. An EW cycle could end in a continuation or correction and until structure is broken it is pretty hard to get a gauge of what its going to do.. Also you have to recognize time frame. You are showing a weekly chart, The price could come up and hit my targets and come down to hit ur target before a single candle closes..