EURJPY: Undecided Yet !On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and thus the price would break the down trendline and when the price reaches the support have a new Long position there.
Until then, Trade Safe and Best of Luck !
Awave
Now, a much needed correction for BTC before bears get butcheredWave-3 of the A-wave hit the 1.227 fib extension almost to the tick so I'm expecting Wave-5 to hit 2.0 ext as it's also the top of the channel which should be temp support. Then up for B and down into the channel for C
I don't think we'll retrace after the abc but continue down.....which is a good thing and would be bullish IMO
I'm counting on this being the completion of Wave-1 with this abc being the start of a much-needed correction before we head to 26K-ish for Wave-3 and the moon for Wave-5
Good Luck