Euro / Japanese YenShort
EURJPY / D1 : Possible end of wave 3 to retrace back to 1
Of course the projected waves are speculative and requires the prices to react in the spotted zone which a multi wave cluster zone.
If the prices actually blocks there we will then probably have a two wave retracement and the overshoot pattern will very likely form a head a shoulder pattern to extend the correction to lower levels and pbly reach wave 1 overlap before being long again in the trend for a fifth final wave.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
If the prices actually blocks there we will then probably have a two wave retracement and the overshoot pattern will very likely form a head a shoulder pattern to extend the correction to lower levels and pbly reach wave 1 overlap before being long again in the trend for a fifth final wave.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
To learn more about the PRO Strategy and request a trial for the indicators:
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
Website : pro-indicators.com
Discord : discord.gg/Agdf5rt
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.