anilmangal
Short

EURJPY watching for a breakout

FX:EURJPY   Euro Fx/Japanese Yen
14473 30 295
Hi Guys, keep an eye on the one for a breakout. This wave up looks like a C wave in an abc correction, so breaking out could start an impulse to the downside.


Trade with care
Thank you for your support.
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Thanks for sharing, Master Anil.
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just a quick question Anil. when are you thinking of entering this trade
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mrhimsly TheTrader966
@TheTrader966, He just share the idea, any decision is all yours.
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Good to see you back Anil... hope your feeling better?
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Thanks for the idea !
+1 Reply
GBP/JPY similar setup. Both charts might show a waterfall sooner or later
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thnx
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I do as well think we're missing one more 5th impulse down on the daily chart.

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So a lot of ppl are hot on shorting this one, which probably will lead to a test of the daily down trend. I may be wrong, but my gut feeling tells me the gal is't ripe yet and a test of daily would also fit with the EW guideline of equality so C would be about the same length as A, just a view. Besides, well past bedtime here so will leave it to tomorrow, maybe I find the train has left the station, so be it as there will always be a next one.

Great pick though as once it break, it will be a great trade.
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fxlion1996 schakim
i am shorting it its right at the 118 whole number its going to take 20 pips of stop hunt than ride down
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Thanks for the update Anil
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Glad I took your advice and waited for consolidation, and had my stop entry order placed underneath the action, this one went very wrong, very fast....
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great thanks, now that everything is down this morning....
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Anil yr skype i.d
These pair just hit sl
Anyway your analysis give me some nyc newzee went
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@Asif990, did you see the update for one more up? https://www.tradingview.com/chart/EURJPY/PtkvvKcT-EURJPY-watching-for-a-breakout/#tc504855

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Asif990 anilmangal
@anilmangal, yes anil i am big fan of you watching yr each and every post frm last one month nd u are the first person that inspired me plese dont mind i also put an notification alarm when you put video on youtube
Just loving you
Because you have change my nd million of other People's
Nd one last thing that i love it that you dont care of dammed news of any pair plus support and resistance
Wish you all the best anil
Lobe you
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im still on bullish for EJ
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Anil, Hats off to you man! I learned Elliot wave from the best in the world - Sid Nories and Ramki Ramakrishnan and learning how to make the entry and exist from you by watching your blog and webinar. I used to assume the top. but now I am learning to be tons of patience to wait... for the right entry. I want to learn also money management and trade ledger.
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you change your plan from SHORT to LONG ?
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https://goo.gl/photos/sqwA2ry6Yn9xWys38

This one is really exciting now. Let's see if it breaks
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Can you update this please thanks
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Nice Analysis Anil :)
Seems like it has broken the daily down trend. Keeping an eye out for your updates on a corrective structure before any buy - as per your last update.
Looking forward to your webinar tonight ...although its at 2am for me!
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Nothing is broken...
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Might test that level it's actually broken through and is at 119.765 hoping the downward trend starts this week.
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Any update or thoughts on this?
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It has broken the daily trend right??
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now sell!
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RaviRavs MrThomas
@MrThomas, you sure? I entered the sell back in 118.530 so have already taken a major hit :(
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RaviRavs MrThomas
@MrThomas, you don't believe the trend will continue to push further and become the new support?
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MrThomas RaviRavs
@RaviRavs, sorry ravis. this move is really strange. not normal. this pair will going up to 190
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