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, EMA(233)in daily chart would make resistance to price
2 options for trade:
Short at 128-130 on recovery wave B
Short below 121
both with target 105
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, EMA(233)in daily chart would make resistance to price
2 options for trade:
Short at 128-130 on recovery wave B
Short below 121
both with target 105
Comment:
