jutkarsh

EURJPY short (Fib and elliot)

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FX:EURJPY   歐元 / 日圓
4
I am new to Elliot wave. Opportunity to capitalize on wave 5. Wave 4 is testing 50%Fib level, which is on confluence with structure of wave 1 (acting as resistance). Furthermore, wave 4 is forming rising wedge (bearish signal). The next expected move is retest of structure (wave 3) and to -0.27 Fib D.

T1: 126.07
T2: 124.66

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