I expect another leg higher for wave 4 in the EURJPY before it will be ready to finish the correction on the weekly time frame.
The daily time frame shows my preferred wave count where I expect another corrective leg higher.
However we have to keep in mind that wave C might already be in place. In that case we will see more bearish price action to be next.
If that happens, wait for a consolidation before selling EURJPY.
However we have to keep in mind that wave C might already be in place. In that case we will see more bearish price action to be next.
If that happens, wait for a consolidation before selling EURJPY.
Comment:
I was not able to buy this pair but we clearly see that reversal. Once it makes a nice pronounced consolidation I will look for buys.
