Expected on medium term that pair need correction down under condition that keeping prices above 114
Expected Gold to end UP trend in these prices and start correction in downtrend according to harmonic pattern
short position for that pair as buy if price break channel and keep in steadily the bottom price
here at last senario according that pair which confirm we still in down trend wave reaching to price 1.0856, however it is rare to happened but still possible
Here we move to time frame 1 day to analysis how wave will trying to form price and we also found either we create impulse wave 12345 or ABC correction as pervious charts
expect in that senario that pair may be forming triangle pattern
Second Senario for that pair that we are forming enormous wave correction WXY and we are currently in X wave as it coming in Running /Expand "flat"
First Senario : Expect for that pair to form ending diagonal wave under condition "breaking eclipse area and stead above it - keeping price bottom - go in power impulse wave and accelerate -Forming ABC zigzag or 12345 "
expect for that pair to form that wave depending on monthly chart due to :- 1- price action inverted hammer 2- in case of NOT breaking the up trend 3- we are still in down trend wave by forming ABC zigzag
as we see EURJPY only have 3 snares possible and there are fourth senario and its rare but may be happened !
view if the prices stable above the line it will lead us to 14000 $
Expected all possible snares for that pair as we no consider it is in up trend
Expected price will go up if guarantee the price will constant above 1.219 to achieve harmonic pattern .