In that post, this is what I said,
"EURJPY could have just finished its’ wave b of (b) in forming a and could now be poised to start up in a wave c of (b). If this turns out to be a and this is now the end of the wave b of (b), then the wave c has a very good chance of gaining over +1300 pips going back up."
Well, turns out that I was right and wrong. It didn't turn out to be a regular flat but rather is now a expanded flat. Which is actually GOOD NEWS! It means that the coming wave C of (B) is going to be that much larger! More pips! More money! So yesterday, I posted an update on this pair. I won't bother to give a link to it here because it is only accessible to my premium members. But if you go to my website, you'll see it there. You would need to subscribe to read it though. But what I will do here is to just give you a heads up on what is coming.
Here is the from a month ago with my projections: Here is the updated DAILY chart: So what has happened since a month ago? If you see the updated chart below, what you’ll see is that prices actually did break below that MONTHLY SR that had been holding prices from declining back then. So what does that mean? Well, look at the chart below and notice that prices stopped and were held by the 1.27 extension of wave a. This is a common level for an expanded . I am seeing this as the end of the wave b of (b). That means that the wave c of (b) has started. This suggests that we may be we will be seeing and expanded wave (b) here. Which would mean that the wave c of (b) could be HUGE!
What you also see here is that the wave b broke down in a WXY pattern with the wave Y as an ending expanding diagonal that completed at that 1.27 wave a extension. So that would mean that the recent move up is just the wave 1 of wave c of (b). There is also that POTENTIAL whose CD leg could be showing the way up for this initial move up.
So that is what I see is coming and if you can catch it right AND more importantly, HOLD IT patiently, you can reap some big rewards. I know I will. And of course, my members will, too.
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