FX:EURJPY Euro Fx/Japanese Yen
EURJPY price action below the kumo, impulsive moves followed by corrective moves, and kinko hiyo wave theory suggest the N wave will continue downward. Lets see if the B-C corrective leg continues higher before the next impulsive C-D leg finishes the N wave.
Trade active: The C-D leg moved down very impulsively breaking the lows of point B in the N wave. I think the C-D leg will continue lower before a new wave correction. Sentiment bearish as the N wave continues.
Trade closed: target reached: Bearish N wave completed :)