Euro / Japanese YenShort
EURJPY: ratio of growth and corrections 1/3
The price growth is carried out due to the ratio of growth impulses received from price levels and corrections. This ratio seems to me to be about 1/3. That is, making a correction, the price stops before reaching the starting point, due to this, the growth continues. Growth waves alternate as 1 - main, then 2,3 - corrections. And again. Now the price is at the stage of the second wave. We can expect growth to the price level of 128.1 and a fall to 127.6.
SL - 127.5.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 127.5.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.