You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do.
So let's see what happens.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
Hello Traders Investors And Community,
Welcome to this analysis where we are looking at JPYEUR 4-hour timeframe perspective, the recent events, the current formational structure building up, what to expect the next times, and how possible entries can look. JPYEUR is still moving in a downtrend where it can form now the decisive reversal-formation which can...
We can see a clear triangle break to the downside. Price is now retesting that key level and will most likely reject it for a move to the larger timeframe trendline!
Then we might see a bounce off that more important trendline up long term.
JPY/EUR (JPYEUR) is 3rd of 3rd of 3rd wave of C in ABC zigzag in 4 hr time frame. So stay bearish in three wave pull back in 10 min time frame. Keep eye on invalidation level as price progresses. Price is extending bearishness.
JPY/EUR (JPYEUR) is in B wave down which will probably do abc or can complete in a single wave as correction before it ends, so wait for B to over to trade for C wave up. ABC is the part of Y wave in WXY complex zigzag correction.
JPY/EUR (JPYEUR) has completed X wave within WXY correction and Y just started moving up. The invalidation level 0.0081988 must hold to retain the count valid. It is within A wave of Y wave as the part of ABC zigzag within double zigzag correction of WXY. A wave is about to end then start correcting in B wave (or 2nd wave of A). Stay bullish and keep eye on 3 min...
JPY/EUR (JPYEUR) has completed 2nd subwave of A wave up in Y wave sequence. 3rd subwave is rising in subdivision of smaller waves, but keep eye on invalidation level of 0.0082328 as stops for this pattern and stay bullish for target zone of 0.0084592 level.
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JPY/EUR (JPYEUR) has completed X wave within WXY correction and Y just started moving up. The invalidation level 0.0082328 must hold to retain the count valid. It is easily go beyond the high of W wave. The WXY correction is the part of (B) wave.
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