EUR/JPY LONG TERM TRADE

7 dic 2016

As the green C movement was the last part of the Elliot Wave, we are now waiting to se some consolidating in the 122 level. If that occurs we could consider trading the break out and go for the pink C of the ABC pattern. This is a super long term trade. It could take up to 24 months. By the way, the 122.5 level is a key level that we better be carefull as it could leave a great short opportunity in the short term, or even in a longer term as the Green ABC would then be a 12345 and would then start the B to C pink pattern.
Let me guys know what you think.