Online:
Visits:
Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

EUR/JPY – Up trend in 4 hours chart – Flat or Triangle

Friday, March 3, 2017 11:55
% of readers think this story is Fact. Add your two cents.

(Before It's News)

3-3-2017 11-42-34 PMTrend is bullish in four hours chart. Critical support is present at 118.22 price level. The price of EUR/JPY currency pair moved up to print bullish Wave iii leg. Now, I expect a top in price action and market to going to fall down to print a short term bearish pull back – Wave iv. Wave iv which is most likely going to be a sideways corrective pattern.

A good suggestion is to wait for the Wave iv to first appear and then look for a buy trade to join an up trend. However; if market closes a bearish candlestick below 118.22 vital 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.



Source: http://fxinstructor.com/blog/eurjpy-up-trend-in-4-hours-chart-flat-or-triangle

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.