THIS IS MY OUTLOOK ON EURJPY; THERE'S A CLASSIC FLAG (IMPULSE-CORRECTION-IMPULSE) MOVE IN PLAY. I SEE EURJPY GOING DOWN ALL THE WAY TO THE MONTHLY LOW OF 123.600.
LETS SEE HOW THIS PLAYS OUT. FROM ENTRY, TRADE IS CURRENTLY UP 150PIPS HAVING COMPLETED THE CORRECTION PHASE. I EXPECT A MOVE LOWER TO THE DESIRED TARGET 2 AND ULTIMATELY TO THE END OF THE LAST IMPULSE LEG AT MONTHLY LOW OF 123.600 REGION.
LETS SEE HOW THIS PLAYS OUT. FROM ENTRY, TRADE IS CURRENTLY UP 150PIPS HAVING COMPLETED THE CORRECTION PHASE. I EXPECT A MOVE LOWER TO THE DESIRED TARGET 2 AND ULTIMATELY TO THE END OF THE LAST IMPULSE LEG AT MONTHLY LOW OF 123.600 REGION.
Note
Target was smashed!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.