Waves , Eur/Jpy, 60 min

With all the talk about the euro losing value, And all the evidence about the Yen Gaining value, i thought it was about time i made some money off of it. The problem i was having was where to enter, until now :)

So i have identified a completed wave series on the 60 min chart which suggest the market is to reverse and head down , just as the news suggested. I can never be sure of what the market will do , but most wave patterns preform similar to what is shown by the Green and Black lines on my chart.

I have placed my entry just below market value , that way i can get this published before i am in the market. I plan to ride the corrective wave to point X on the original series , which is around 136.500. I should take a nice penny off of this trade, I hope you find it useful.

Thanks for checking this out , please like or comment you onions if you dislike, and follow me for more great trades like this one. Also come back and check this out after the trade is finished and see how we did.

Thanks Guys and Good Trading!