neofinans
Short

eurjpy d1 wave 19.07.2013

FX:EURJPY   Euro Fx/Japanese Yen
107 1 0
c
MarkFletcher
3 years ago
If those are supposed to be Elliot Wave counts (and apologies if they are not), your wave count breaks one of the few hard rules of Elliot which is that wave 4 of an impulse move cannot overlap wave 1. Whatever that rally is, it's not impulsive. It doesn't look like a diagonal either to me as I don't see a converging channel.

I agree with your directional bias but not with your reasons for it :-) By the way, what would your expectations be for a target?
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