EUR/JPY forecast update

EUR/JPY forecast update

Let look at an updated chart of EUR/JPY ,please note that you can check the Forum section and subscribe to get the day to day analysis of pairs, I’m a long-term trader so I might not post every day so subscribe to get notification when I do you don’t want to miss opportunity to make money. Below is an old analysis that I shared in the blog you can check it here in the link.

Just quick summary we had 5 waves which I labeled purple going bullish way than we had 3 waves down. The 5 waves up I thought they are wave 1 of wave 5 in the longer time frame. And 3 corrective waves down are wave 2. And as you can see from the old analysis we were in wave 3 of the 4-hour chart, so today I’ll show you counting on the lower time frame so that you can get those good trading opportunities. Check below chart of 1 hour.

So looking at the chart we had a leading diagonal wave 1 which consisted of 5 waves as expected, we are at the start of wave 2 and we are in wave 3 of wave 5 in an even bigger time frame. Don’t worry about a bigger time frame for now just know that the forecast is bullish on the Eur/JPY so after you see 3 waves down we are buying this pair and will ride it till the top. The reason I showed this analysis is to show those who didn’t take my first analysis they still have a chance if they missed the start of wave 3.

GOOD LUCK IN YOUR TRADING GUYS. PLEASE REGISTER AND SUBSCRIBE TO THE BLOG OR FORUM TO GET UPDATED CHARTS AS WE POST THEM.

Leave a Reply

Close Menu