EURJPY 4hr bearish N wave continuation
Updated
EURJPY price action below the kumo, impulsive moves followed by corrective moves, and ichimoku kinko hiyo wave theory suggest the bearish N wave will continue downward. Lets see if the B-C corrective leg continues higher before the next impulsive C-D leg finishes the N wave.
Trade active
The C-D leg moved down very impulsively breaking the lows of point B in the N wave. I think the C-D leg will continue lower before a new wave correction. Sentiment bearish as the N wave continues.Trade closed: target reached
Bearish N wave completed :)
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.