EURJPY price action below the kumo, impulsive moves followed by corrective moves, and ichimoku kinko hiyo wave theory suggest the bearish 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 :)