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?
xChampi0nx xChampi0nx
I,however, do agree eur jpy will be lower in coming months for C.
FullTimeTrader xChampi0nx
Hello, im assuming wave 1 is a leading diagonal
xChampi0nx FullTimeTrader
ye make sense. thanks again
I entered short at 138.0 but this worried me :(
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
+1 Reply
Possible setup for an entry:
Check your PM..
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