EURJPY buy setup

FX:EURJPY   Euro / Japanese Yen
7628 16 190
This chart did create an uproar when I first posted that I am looking for an up move!
So it has made the first impulse up, now it's consolidating, so i'm looking for the next impulse up.
Buying the break out is a great idea!!

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Comment: 60 mins view shows one more down move possible in the corrective structure
Comment: We are still in the correction, maybe be possible short term sell, if i get a setup i will post it .
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C might be smaller than expected.
perfect call again
EURJPY looking good. Nice call, Anil
+1 Reply
Nice count, thanks!
+1 Reply
Thank you Anil! I just entered Long, I think the retrace is over already. USdollar key lower channel support 12040 is breaking… … This pair has a daily gap today, if we have a daily close above that today. As the huge liquidation of FX market I expect a huge move up.
+1 Reply
Victor.Y.F Victor.Y.F
I closed all positions before FRB.
+1 Reply
Hi Anil and other wave traders,
Thanks for the charts.. I am just learning this amazing method after wasting years trying indicators and EA's etc.
Not too sure how the wave counts work on such an up and down chart, but I am looking for a trend or the end of a correction generally.
I was thinking the whole movement up was a correction and am waiting for a break of the shorter trend lines down to go short in resumption of down trend...
Guess it doesn't matter so long as I don't trade until the break out either way!
But please comment on why price will go up... is a spike because of a news release a valid Impulse move?
Thanks for your help with these charts
+4 Reply
i think this is a valid question that if spikes appear on news release should it be took as a valid impulse. According to my views this is a complicated part for the wave traders
Great one, the impulse is just starting:
+2 Reply
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