glennmercer
Long

EURJPY Long: Wolfe Wave to Continue Crab Reversal

FX:EURJPY   Euro Fx/Japanese Yen
EURJPY             has completed a 5 point Wolfe Wave setup after price overshot the 1-3 line and reversed in the 'sweet zone'. Conventional profit target is the 1-4 target line, but a conservative target may be taken at the alternate target line. As published previously, there is a bullish crab T3 at the top of previous structure highs so the trade may be carried out further depending on price action.

Note: Since a missed daily pivot sits below entry which may drag price down, I have set a tight SL below point 5.

Previous Bullish Crab Idea:
EURJPY LONG ON PULLBACK: 5-0, CRAB, MISSED PIVOTS
UPDATE: First target achieved
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