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j_nathan

EUR/JPY long

Long
Euro / Japanese Yen (FX_IDC:EURJPY)  
j_nathan Updated   
FX_IDC:EURJPY   Euro / Japanese Yen
EURJPY Elliott Wave elliottwaveretracement elliottwaveprojection elliotwavecount Bullish Patterns Fibonacci Fibonacci Retracement
7
0
eurjpy elliottwaves elliottwaveretracement elliottwaveprojection elliotwavecount bullish fibonacci fibonacciretracement
This trade has been just beautiful,our latest Elliot Wave study just gave us a crazy run from 123.3 down to a line in the sand at 119.80

It will take some serious pressure to break the next 1st stop, so anything breaking 119.2 we are officially into final Wave5 and down we go. Otherwise enjoy the next a,b,c into the 122 area.
Comment:
Was glad to get off the plane and find this study going well, the market could've technically dragged this down to a previous but relevant fib study at 1st of 119.02 but the a,b,c and more recent fib study prevailed.

Still recommending taking profits in the 122 valuation. But also find it wise to respect the long Elliot Wave 5 movement because we won't have much more a,b,c movement in this wave 4 range.

Enjoy
Trade closed manually:
Seeing the Long play is potentially over on this nice play.
Going short with the latest fib study reset and breaking a key 1st stop on the previous fib study.
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