EURJPY, although it was look like bullish, but the momentum was down, and today (October 7, 2015), EURJPY is finishing previous (OCTOBER 6-7. 2015) delayed momentum DOWN, finally. If it hits the line, then at least halfway would be attained or opposite direction would be targeted (if it's failed, then down trend would be confirmed).
EURJPY seems to be showing signs of an irregular correction, flat pattern where in our case black wave b exceeds the beginning of black wave a. That said, price is now turning down for a final leg labeled as a black wave c, that could reach the fibo. level of 50% of previous Red wave 1/A. After the correction in red wave 2/B is completed, EURJPY could reverse and...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking very bullish on EJ this week. At this point we’re looking for structure formation closer to 137.000 as support. Look to enter long on a confirmed higher low with strong bullish setups. Trade scenario 2: For us to consider EJ bearish again we...