EURJPY short (Fib and elliot)
I am new to Elliot wave. Opportunity to capitalize on wave 5. Wave 4 is testing 50%Fib level, which is on confluence with structure of wave 1 (acting as resistance). Furthermore, wave 4 is forming rising wedge (bearish signal). The next expected move is retest of structure (wave 3) and to -0.27 Fib D.
T1: 126.07
T2: 124.66
T1: 126.07
T2: 124.66
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