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RavingEagle

Wave 5 breakdown

Short
Euro / Japanese Yen (FX:EURJPY)  
RavingEagle  
FX:EURJPY   Euro / Japanese Yen
4
1
Wave 4 retracement may have found resistance at 2.618 Fib extension + previous resistance zone.
Crossover between 50 and 200 Simple Moving Averages may provide more conseravtive trigger confirmation.
If entered now (more aggressive entry) Risk / Reward > 1 : 2
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