FullTimeTrader
Short

EURJPY-be prepared to catch the killer 3 wave

FX_IDC:EURJPY   Euro / Japanese Yen
1067 8 26
According to my long term analysis this pair is forming a big ABC pattern shown on the chart.
Wave C is starting to ulfold possible as an impulse wave labeled 1-2-3-4-5
Price is now making a deep retracement for wave 2, after that i expect an strong bearish decline.
You can use the harmonic setup shown below as your entry point ( bearish bat ).

Best regards!! do not overtrade!!
I sill can't see impulsive structure on 1 on lower tf. Can you post a chart pls?
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xChampi0nx xChampi0nx
I,however, do agree eur jpy will be lower in coming months for C.
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FullTimeTrader xChampi0nx
Hello, im assuming wave 1 is a leading diagonal
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xChampi0nx FullTimeTrader
ye make sense. thanks again
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I entered short at 138.0 but this worried me :(
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Hello, i respect other traders ideas but my bias is tha all EUR pairs will decline after the last push up, anyway, if your are long you can take profits near 140.000
Regards
+1 Reply
Possible setup for an entry:
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Check your PM..
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