moesalama
Short

EURJPY - long term analysis

FX_IDC:EURJPY   EURO / YEN
19 0 1
In this analysis am using the monthly chart to analyze the grand major structure.

It is very important to know that at this point I do not know anything about what the market is going to do in the next few hours, days, weeks or month - trading is not about knowing the future it is about letting the future to take place.

So at anytime, the only friend we got in the market is or money management, then our trading methods and analysis.

The structure am recognizing here, is the triple xyz bottoms as you can see - it repeated it self 4 times now I ii iii             iv and I don't like even number in the market - so where is the 5th one?

If this structure to be right, I got one condition up till now - the low @ 94.00 must hold it self up. If a 5th structure to be created then it should have a higher low than the 4th one.
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