EUR/JPY: What’s next?

So far all correctiove movements were rather fast, shallow and did not last much in time, so it might be the time for some more complex and time consuming correction – but nothing is certain.

On chart there are two possible levels for wave 4 correction area, as discussed this morning.

Please notice that still the most probable corrective pattern of wave 4 is a triangle so buying the dips of EUR/JPY as along as orange recangle area is not broken down seems to be the way to trade this pair  for now.

Take care,

Seb

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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