EverythingForex

ANALYSIS: EURJPY: Started A MASSIVE MOVE Up! Banked +1530 pips

FX:EURJPY   Euro Fx/Japanese Yen
1737 3 30
I normally don't share my thought on pairs other than the Majors here on Tradingview on a regular basis. I post on the Minors only when I think there is somethng special brewing and I want to share it my readers here. This is one of those cases. In this pair, there is something I think is worth             looking at and not to miss! So here you go....

Simply stated: This pair is getting set to make a MAJOR MOVE to the upside! I've already made over 1500 pips and $15K on just the very beginning of this move. And I intend on making A LOT MORE as it progresses.

WAVE COUNT
This 4 hour chart is just a snapshot of the current move up. You really need to see the bigger picture to understand why I am now VERY BULLISH on this pair. But for those who are impatient, what you are seeing up on the main chart is the move up I have labeled as an incomplete wave (1). So far, it would seem that we have only seen the wave (i), (ii) and ( iii             ) of wave (1). Wave ( iii             ) seems to have been stopped at a upper TL of a larger ending diagonal (seen better on higher TF below). Before this wave (1), there was a completed expanding diagonal (purple TL's) and a completed 5-wave             leg E of the larger ending diagonal as just mentioned.

PATTERNS
Aside from the ending diagonal and the expanding diagonal leg E within it, there is also a completed AB=CD pattern (violet color). You can see some advanced patterns also but I will discuss them below in the higher TF's.

Please click on each chart to get more analysis:

8HR Chart - Describing My Trade For Over +1500 pips: The How's And Why's

Sometimes the best way to explain something is to tell a story. So here on this chart, I will tell the "story" of how I managed to capture over +1500 pips on this starting move.
EURJPY: 8 Hour Chart

DAILY Chart - The Big Picture: Why I Am Bullish
ANALYSIS: EURJPY: DAILY Chart
WHAT TO EXPECT
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.

MY TRADING PLAN
I'll be looking to BUY again off the finish of wave (iv) to catch the wave (v) of (1) back up. Then, I'll be looking to SELL the wave (2) back down. If successful, I'll be able to capture at least another +1000 pips hopefully. But the REAL PRIZE will be to BUY the end of wave (2) and be in the very beginning of the wave (3) up

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

*DISCLAIMER:
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: http://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.

**NOTE**
My members caught this trade from the very bottom and several other trades just like it! Join the fun! http://www.efxselect.com
Reply
Awsome !! Thank you :)
Reply
Please keep posting your analysis.... never mind the troll loosers :) Also, what's your twitter account?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out