Long term Technical analysis :
Two scenerio are made on weekly chart of eurjpy
Two pattern are made on this chart , Flag pattern and Elliot wave ..
first : Flat pattern are made and also price break flag pattern , if he going to 118.60 area and return from that point it`s means he follow flag pattern and he going long for long term
2nd : Elliot wave pattern perfect made on this scenerio
wave 1 2 3 4 are complete , wave 4 complete at 123.80
then now he made 5 elliot wave , if price break 118.60 are then conform he follow elliotwave pattern i going to shor for long term 100 price level
good luck ,,,
if you have any doubt and confusion in this chart , comment on comment section , i reply . thanks
Two scenerio are made on weekly chart of eurjpy
Two pattern are made on this chart , Flag pattern and Elliot wave ..
first : Flat pattern are made and also price break flag pattern , if he going to 118.60 area and return from that point it`s means he follow flag pattern and he going long for long term
2nd : Elliot wave pattern perfect made on this scenerio
wave 1 2 3 4 are complete , wave 4 complete at 123.80
then now he made 5 elliot wave , if price break 118.60 are then conform he follow elliotwave pattern i going to shor for long term 100 price level
good luck ,,,
if you have any doubt and confusion in this chart , comment on comment section , i reply . thanks
Comment:
according to my plan , eurjpy goint to 118.60 area and now going up ... according to our svenerio 1 ... he made flag pattern and now he he retest the breakout trendline , now going up .... possible