Waiting for a nice break down before i take the trade. Expecting this to have a big move down but targeting 1.75750 region first.
Expanding flat correction to the up, waiting for correction on impulse up to enter the buy (should be 5 waves up)
Correction complete buy orders cashed have entered the sell
I am looking for this to complete either a running or expanding flat so will target the running leg first. I have entered with a stop loss at 65 pips nope it get 195 pips form the trade.
quick idea looking for this pair to finish its corrective phase for moves to the up.
Looking for this to complete its down then wait for entry for trade/s to the up.
This should be the last leg up in this correction. Waiting for an impulse then correction in 1h/4h chart before i buy long term. Will also look to take short term trades were risk is low.
This is my forecast for the eurjpy :- final leg correction (expanding flat) down then wait for break (possible AB base move) for reversal and trade up.