5 Waves Up Changes The Possibilities

FX:EURJPY   Euro / Japanese Yen
269 4 2
The previous wave count has become cloudy with the
5 waves up from 145.57 and has suggested that a flat
is now possible. (Or a resumption of the up trend.)
Another 5 waves up would make wave B a zig zag
I'd have to check how often that occurs, but, that
would give the 4hr chart a nice 3 wave look for a valid flat.
Pt D of a Bat would be a potential area for some sort
of reaction, if not the beginning of wave C
Risk seems well defined as any price action above
X would throw serious doubt into this idea.
Wave structure as price approaches will fine tune
the possibilities. Until then I may place an aggressive long
should the opportunity develop. Possibly a break and then
retest of 147.25 ???
I like your detailiers chart very nice
tony.jork tony.jork
thanks and Happy trading and good Thanksgiving
dojitrader tony.jork
Happy Thanksgiving to you as well !!!!!!!!!!
Much cleaner look after removing all the old stuff
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