EURJPY might have finished a wave 4 correction. We saw a bullish impulse of lesser degree and once this got confirmed by means of a consolidation/flag pattern I will be looking for a buy continuation trade.
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This pair is consolidating and I am looking for the bullish reversal for a buy.
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The bigger picture we expected another leg lower. However since we saw a sharp correction but not an impulse, price is continuing lower from here meaning that we have to wait a little longer for a possible buy.
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possible activation of buy continuation trade.
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which one is it gonna be?
