Fxprotrader

EURJPY@ WXYXZ Completion Opens The Door For Longs

FX:EURJPY   Euro / Japanese Yen
Audjpy             is moving into a nice bearish channel and it needs a little more to the down to complete an triple three corrective structure. Having completed wxyxz elliott wave , we have the completion of wave B of a typical ABC correction pattern. At that level we will keep an eye for a bullish harmonic pattern in lower timeframes or a breakout of xz wave which will be the start of a rally for C wave .

If any of the two scenarios occur, i will come back with a new chart presenting the setup.

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