ew-forecast

EURJPY Divergence And Elliot Wave Suggests Coming Reversal

FX:EURJPY   Euro / Japanese Yen
EURJPY             is bullish for the last two months but this could come to and end in coming days or weeks, because we can count five waves up on the 4h chart. Besides that we also see a decreasing bullish momentum on the RSI , while the price can be forming a wedge pattern in fifth wave. This refers as an ending diagonal in Elliot Wave Theory which can cause bearish turning point, possibly from around 137.

http://www.ew-forecast.com
NEW Crypto Members Video
>> https://ew-forecast.com/service/
yes the comination of divergence and an ascending wedge formation suggest a breakout to the downside will come soon would prefer it to complete the 5th wave pattern
Reply
IvanLabrie MarkLangley
It looks complete already, don't you think Mark?
Reply
MarkLangley IvanLabrie
yes it proved to be that way this chart a few months old and it did move lower !!
+1 Reply
Excellent.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out