Idea for a possible swing short on the EUR/JPY. Wait for pull-back to resistance before looking to fine tune a possible short on a lower time-frame.
Our forecast for the next week on EURJPY ------ Trading Kitchen
Looks like we are in Wave 2 of Green Wave 3 so I expect a correction to the previous Wave iv of Green Wave 1. Once This Green Wave 2 correction is complete we should see a steep decline in a 3rd of a 3rd wave. I will post an update once we see that pull back get closer to 119.032. Please LIKE and FOLLOW to get notification of updates and future posts.
Possible short setup on #EURJPY Wait for Elliot Wave to be completed on point 5. 121 in an important resistance level, as well SL 121.9 TP 118.45