FX:EURJPY   Euro / Japanese Yen
Hello fellow traders,

It looks like EURJPY is living final days before massive collapse. In my understanding we got a broadening top formation and in our scenario it is more likely to reverse a trend. Additionally, take a look at awesome oscillator and this one has quadriple divergence - it is rising in pain. All the structure. reminds expanding diagonal/ wedge .

Sincerely,
Trend reverse.

Related Ideas

This trend will fall 0.618 retracement. Most of the traders placed their stops up there so broker companies pushed the price to shave heads of the traders :) so patients. Brokers sooner o later will let the market fall. Look at the AO. It looks unnatural. Maybe you already noticed that market is not exact science. Take big piece of the cake and that is a good trader if you will try to eat it all then shit gonna hit the fan. Flexible approach and patience. I am still planing to take that fish out.
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Mairita LaiptaiCervinskas
@LaiptaiCervinskas, hehe,yea,but there is difference if it’s start to fall from134.50 or 136,40.We all know that it will come down :) I am waiting too,but I did not liked fridays closure.
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@Mairita,
Well, take a look at D1 frame and check starting point of whole rise of broadening wedge. Don't you find the beginning (upside down) quite similar to what we have on the top now.
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@Mairita,
Besides, if we all gonna be right then broker would bankrupt. So Broker must shake off more than half of traders to stay above water. Apparently there are too many short positions. So broker will find a way to complicate the fall to smoke those traders. And only then we will see major fall. I think it is going to happen soon.
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Mairita LaiptaiCervinskas
@LaiptaiCervinskas, yes,but soon is not good enought if we want to trade with this chart :) Reversal have to hsppen now otherwise broadening wedge top is kind of broken and upmove can go to upper trendline.And it is good 200-400. pips and it is a loot :)
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What do you have to say about this after today? :)
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nice information dear thanks
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