{lang: 'en-US'} EUR/JPY M30,H1,H4 & Daily Update + TPI ~ ElliottFxTrader Blog

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Saturday, 1 December 2012

EUR/JPY M30,H1,H4 & Daily Update + TPI

Rationale:
Bull trend looks  intact and I'm looking to buy on dips until proven otherwise.

Right now it all depends which swing will be taken out first: new high proves that eur/jpy might be in strong wave 3 now and break below green line void the impoulsive count and more correction in shape of Irregular Flat might be expected.

Fibonacci Time Analysys is explained on chart.
No important harmonic patterns right now.

Entry:
IF NEW HIGH - Buy on dips to 107.67.
IN LINE BROKEN - Sell on test of 106.80, 106.20.

Take care,
Seb








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