EURJPY UPDATE V : EURJPY May Reach Higher Levels

FX:EURJPY   Euro / Japanese Yen
On the 4h chart, we see that black correction A-B-C is completed, because of sharp impulsive action to the upside. That said price may reach higher levels. It has already made three waves up, with an extended structure in blue wave (3). After blue wave (3) is finished, the trend may face a correction in blue wave (4), which may move to the area of previous red wave 4. We think that correction may occur in the next 24-48 hours.
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Wow, Amazing chart.

+1 Reply
Count looks great - I actually have the same but with a different overall concept. I think it's a running big C/Y. What do you think?
+1 Reply
Yahia.Awes Dluginacci
This one looks nice Dluginacci, I like your chart :D Nikkei made a shooting star on weekly ;)
Dluginacci Yahia.Awes
Cheers mate ;)
IvanLabrie PRO Dluginacci
Similar conclusion either way.
Did you see my euro index chart?
IvanLabrie PRO IvanLabrie
We got very promising euro and gbp trades coming.
leeka78 IvanLabrie
I am totally with you, Ivan.. Looking for retractment to re-enter Eur/Jpy and GBP pairs for Long position next week..
+1 Reply
Looks like that wave 4 might be complete already in EURJPY.
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Yes it looks like wave 4 has ended, but we will have to wait till tommorow
Dluginacci IvanLabrie
Nope. Can you post it here?
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