EURJPY WEEKLY TRADE 24/2 TO 3/3
Updated
hi all
Weekly summaries:
Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks.
So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long.
In the elliott wave chart,
I think the price is in wave 4 after an extended wave 1 and is about to complete wave 5 unless it breaks through the level of149.787, then I'm expecting wave 3 to end at a level between 158 and 160.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
Weekly summaries:
Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks.
So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long.
In the elliott wave chart,
I think the price is in wave 4 after an extended wave 1 and is about to complete wave 5 unless it breaks through the level of149.787, then I'm expecting wave 3 to end at a level between 158 and 160.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
Note
UPDATE
Note
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