EURJPY, will continue down for another 15-22 pips, then will climb 30-40 pips on a buy. currently in the 61.8 FIB zone, meaning this will retrace shortly. also we are on letter C for Eliot wave, meaning yes its in down trend however as I mention, will go up. The STOCH is under 20 as well meaning a buy is coming up, however MacD still stays it will continue down for a little. reccomend doing a buy limit for good entry to avoid drawdown.
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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.