Wave-Trader
Short

EURJPY This pair has a huge potential sell the breakdown

FX:EURJPY   Euro / Japanese Yen
We are tracking this pair in our trading room since very long. This pair has a huge potential to the downside. If we have set for the reversal and this is the start of the fall then everyone should be in to this sell on breakout. Because after this we will not see the price on these levels again any time soon. We are having very nice impulse which you can call the 1st and after that we are having very nice flag. which you can call the 2nd wave of the big fall. So simply watch the breakout of this flag and let the big fall come over there. In case we dont see the breakdown and we see the change in pattern formation then we will analyse that pattern according to the current market conditions. Currently price has set for the breakdown so look for breakdown. Good Luck.
Comment: Watch breakout fellows its trying to breakdown. If do not breakdown then look for sell again from the top. You can sell on the breakout but make sure break is strong before jumping in. we are already in from top. Good Luck.
Comment: Price broken down but reversed so we are having change in price ranges the pattern still bearish. Watch top now.
Comment: We are bearish on this pai for longer term.
Are we expecting a move down this week..
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@Wave-Trader this hour trend line what you think
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@Wave-Trader Could you please re-comment on the current situation? Thanx
+3 Reply
Nice view buddy. Lets watch!
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Great Job...Thx
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Any suggestions on what would be a good tp after it broke?
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so this pair has nagative correlation with gold so gold will soar?? thanks!
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Got this from top last friday.
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Any suggestions on what would be a good tp after it broke?
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You correct! As you the wave 5 just completed 0.786 of wave 3 confirming the basic rules of Elliot wave .i.e. wave 3 cannot be the shortest of the three waves.
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