The pair already done the first down pivot. Now we are able to sell expecting a 5th wave.
EURJPY already made the 1th and 2th wave and now is probably completing the 3th one. We have the opportunity to buy the retraction waiting for the 5th wave.
After this new LL formed at EURUSD we may wait a 3th wave after the retraction.
After done the 1th,2th and probably the 3th wave EURJPY is retracting giving us oppotunity to sell at the end of wave 4.
After a strong up trend the pair made a LL giving us a new opportunity to sell at the retraction.
Wave 1,2th are done at 15 minutes time frame, apparently the pair reached the end of 3th wave giving us the opportunity to sell the end of 4th wave.
Counting the reversal Elliott waves we could have the end of 4 and begin of 5 around the 133.43 area.
After done the 1, 2 and 3 wave now the 4 wave is forming, there is a nice support area below de price, arround 112.77. This could be a good opportunity to buy UJ.
After done the 1, 2 and 3 wave now the 4 wave is forming, there is a nice support area below de price, arround 112.77. This could be a good opportunity to buy UJ.
The pair touched the 61,8% retraction with several indecision candles, probably it's time to go up, break the down trend line and make a new long wave.
EURUSD completed the 5º wave of Elliot last week. For the next week I'm expecting the end of the ABC correction with price dropping until near the start of wave 4.
EURUSD closed the week with a beautiful pin bar in a resistence in H4. For next week we can expect a retraction to 1.0617 support and extension until the next resistence at 1.076.
AUDUSD done the pull back at the up trend line arround the 61,8% fibo retraction 3 days ago, now he's falling again. After the support level at 0.92074 probably nothing will hold the price again until the last low at 0.8660. That's a good opportunity to follow the down trend and make good pips.
USDJPY is testing the support again. If he finally break the yellow line theres 2 possible moviments. The pair can move directly down to to the 61,8% of Fibonacci extension or the pair can make a pullback before down. The risk reward for this trade may be more than 1:3. I hope good trades for everyone..
I'm just waiting the pair break the yellow line to buy until the pink.