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Eurjpyidea

EURJPY may be correcting lower soon. 16.5.2021I posted an EURJPY uptrend idea before. After reviewing the price action for the last few days, it seems like an ending diagonal is forming at around 132.8-133.2 area. If this is the case, EURJPY may enter wave (4)-yellow corrective wave, which can bring price down to 128.50. I prefer to see an impulsive drop before entering short so lets wait and see. A break of wave (3)-yellow trend line would be indicative for the drop has begin. After all, the uptrend is intact even after this possible correction.
by ForexWiseWay
3
EUR/JPY Finally Closed Below Our Res & New Short Trade AvailableThe Price Finally Closed Below Our Res Level 130.000 With Daily Closure And Short Trade Is Available Now This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short
by FX_Elite_Club