Wednesday, November 28, 2012

EUR/JPY H1 Update + Trading Plan Idea

Rationale:

Impilsive wave 1 from yesterday low has not been finished yet so I'm buying the dips in anticipation of wave 5 to the upside. When the big wave 1 will be completed I will buy the dips on the Fibo Retacements  or Pivot Points again in anticipation of strong wave 3 to develop.

Entry:
Buy Limit @ 106.08
SL:105.97 ( below that line bullish count will be invalidated)
TP:106.55 min.

Take care,
Seb



Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/eurjpy-h1-update-trading-plan-idea.html

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