EURJPY is coiling up for big move here soon. It has been in a Descending Triangle for the past week or so. It's now coiled up even tighter in a small Balance Area (Red Box). I'm expecting a downside move. Targets are can be the support levels below or the height of the triangle (Purple Line)
EURJPY 1hr chart EURJPY Last impulse reached 13/2 ratio Try sell for correction
EURJPY 15 min chart EURJPY is close to complete a full month inside range Next week could break range and define new direction Watch for divergences and extreme values on stoch indicator
EURJPY daily chart wave count EURJPY is in wave 2 in big cycle Wave 2 subdives in ABC Wave A was from 150 to 126 Wave B was from 126 to 141 Wave C is currently trading and subdivides in ABC also..... This subdivision is not very clear, expect wave A to complete at 121 which is 2.618 fibo of the first decline from 141 If 121 holds expect recovery towards 128-130,...
EURJPY price pattern is similar to EURUSD above key resistant level and day downside trendline, but EURJPY may have a limited trading range above. So be very sensitive to protect long position. I will see the price action near H4 15ema then make decision to enter long or not.
EURJPY Daily, This is setting up for a nice short trade during this week. If price can continue back up to 136.0 - 136.50, then I will be looking for bearish signals to sell the EURJPY all the way down to 131.00 zone. However, price may not give us the opportunity to sell at that level. In this case, I will be ready to short EURJPY on a break of Friday's...
EURJPY I would like to be long EURJPY on a break of the down trend line. My target will be the Yearly Pivot at 143 area. This is a long term perspective. Price may still push lower from current levels but I will be searching for long opportunities at this time
EURJPY is complate the AB=CD formation
EURJPY weekly chart Possible very long channel ABC correction 1/ 2 ratio Look for trendline down from 1979 and 2008 highs
EURJPY month chart EMA cross is up But, look similar to 1992 year
EURJPY daily chart Fibonacci ratio for correction could be 8/2 target 131.500 Try count 5 waves in last move up
EURJPY daily Daily wave count Possible short at parallel channel
EURJPY fibo ratios Daily chart Ratio 8/3 in previous waves Last wave c could be 13/3