UPDATE: EURJPY: SOLD@132.410 Wave (iii) Ended. Wave (iv) +83 pip

FX:EURJPY   Euro / Japanese Yen
607 2 17
So in my last post on this pair, I said that:
Now that it seems that the initial move wave (1) of a possible larger move up has commenced, I am expecting that we will be seeing prices drop back down slightly and complete the wave (iv) of (1) and then up again in a wave (v). But this being a wave (1), after it completes probably around where I show it completing, expect that the wave (2) that follows will be deep and may retrace almost all of wave (1) retesting the lows. When it does this, provided the lows aren't broken, buying the end of wave (2) will be the main objective. "

Off that wave ( iii             ) high, prices have now started to descend in that wave (iv) as I had predicted. And within that wave (iv), it would seem as if the wave (a) of (iv) and wave (b) of (iv) have finished. Now prices are declining in a wave (c).

In this wave (iv), there is one pattern of note right now and that is a POTENTIAL Bat (yellow) that would complete right near the MAJOR SR Structure below. That is where I think wave (c) will finish. I've also placed on the chart a POSSIBLE Bat pattern that roughly outlines what I think will happen in the course of this correction.

Prices should decline into that MAJOR SR Structure below. Then we should see a bounce from there.

When prices hit that MAJOR SR Structure below and completes that Bat, I may be in the market for a LONG position.

Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.

Though I may not post here quite as often like before, I do continue to post much more to my own Facebook             group (where I can BAN any TROLLS!). So if you would like to continue to see more of my posts as well as some of my trading tips, join my Facebook             group at: www. facebook             .com/efxselect. If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals,

consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to: efxselect.com for more info.

Faceb00k: http://goo.gl/Mb81w7
Website: http://www.efxselect.com to subscribe

Go to efxselect.com to subscribe and get these signals in REAL-TIME!
SPECIAL Commodities $39.99/mo http://bit.ly/2AZWhx4
List of my ACTIVE Trades: http://bit.ly/2JkoaR3active
Sign up to mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: efxselect.c
thank you!
thank you...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out