The EUR/JPY pair is presenting a strong short opportunity based on the latest Elliott Wave analysis. 📊 The wave count indicates that the pair has completed a five-wave upward movement and is now entering a corrective phase. Key targets for this decline are around 159.679, which aligns with the 1.618 Fibonacci extension level.
This setup suggests that the market could be heading lower, offering a prime short entry for traders looking to capitalize on this bearish momentum. The clear wave structure and identified levels provide a solid framework for a potential profitable trade.
Now is the time to consider positioning yourself for this downward move. Whether you're a seasoned trader or refining your strategies, this analysis offers valuable insights to help you make informed decisions. Let’s navigate this potential drop together and maximize our trading gains!
This setup suggests that the market could be heading lower, offering a prime short entry for traders looking to capitalize on this bearish momentum. The clear wave structure and identified levels provide a solid framework for a potential profitable trade.
Now is the time to consider positioning yourself for this downward move. Whether you're a seasoned trader or refining your strategies, this analysis offers valuable insights to help you make informed decisions. Let’s navigate this potential drop together and maximize our trading gains!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.