EURJPY - LOOKS LIKE WAVE 5 IS DEVELOPING?

Hi @Lexer_88

Your EURJPY bias is very interesting.

Nonetheless, it appears to us that wave 5 is developing to complete a 12345 sequence of Elliott Wave Pattern.

Comments are welcome.

Trade closed: target reached:

Wave 5 Target 1 and 2 at 61.8% and 78.6% of Wave 1.

Risk appetite trade should be looking for Target 3 at 127.2% extension of Wave 3.

Trade closed: target reached:

Target 3 reached at 127.2% extension of Wave 2 equivalent to 61.8% retracement on Daily Chart.

This was one of the fastest moves on 5-days period.

Very interesting.

Trade closed: target reached:

Simple Awesome!

Price arrived at all 3 projected targets.

We look forward for Even more Bullish price action. Check updated Daily Analysis below.

Trade active:

Do we have an entry to activate continuation Bullish EURJPY towards Daily targets at price ranges: 123.754 to 125.753?
Well, let's watch how price develops.
Embedded is an updated EURJPY 4H on a Daily Bullish outlook.
#MarketHumblesMe
#TradeSafely.https:
//www.tradingview.com/chart/EURJPY/bBettoza-EURJPY-DAILY-UPDATE-Potential-Bearish-Shark-Pattern-developing/
I

Comment:

Time for retrace before the rally continue?