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FullTimeTrader
Nov 3, 2017 4:44 PM

EURJPY-H4-Joining the new downtrend Short

EUR/JPYOANDA

Description

According to my long term analysis i think this pair is starting a big correction.

Its not late to join this move. Right now price is making a pullback after making a NHL (new structure low).
We can see:
- strong structure as resistance
- 0.50 fib retracement
- Elliott wave 2 or B
- price is testing broken trendline
- convergence on MACD

Potential targets:
- AB=CD (blue line)
- 1.61 fib extension

Best regards

Comments
TradeHane
Thank you for the perfect analyzes
piptamil
Perfect catching the train
NateTheGreat7
Looks good!
FullTimeTrader
@NateTheGreat7, Thanks for your feedback, have a great weekend.
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