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By FX Instructor (Reporter)
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EUR/JPY – Up trend in 4 hours chart

Monday, March 27, 2017 15:25
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3-28-2017 3-17-23 AMTrend is bullish in four hours chart. Critical support is present at 118.22 price level. Currently; the price of EUR/JPY currency pair has fallen and printed bearish Wave c leg. Bearish Elliott Wave c also completed X Wave. A good suggestion is to buy at market to ride and trade bullish Wave Y leg.

However; if market closes a bearish candlestick below 118.22 important support area then bullish trend will end. In such case, I will stop myself from trading and re-analyze the price chart of EUR/JPY currency pair.


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