Short for ABC

FX:EURJPY   Euro / Japanese Yen
27 0 3

So after yesterdays FOMC we clearly had an impulsive move to the downside

Elliot Wave tells us that after an impulsive move we need a correction, and I think a correction has been due for this pair since last week's ECB.

With that said I took a short @ 133.006 for a completion of a potential A will look to take profits @ 132.20 and then try to position myself long for the C to the upside.

If we double bottom @ 131.687 I would take a long with a little bit stronger leverage. However if we break through that level with force something has changed and I will need to re-evaluate the situation.
Comment: Sorry guys I also forgot to mention there is also hidden bearish divergence on the 1hour time frame.
Comment: Looks like a low of 131.21 after news one pip above my target....lets watch for a follow through
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out