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.
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