Very bullish setup but waiting for confirmation.
Entry:
(1) Long market now with tight stop in anticipation of impulsive take-no-prisoners wave 3.
(2) Wait for confirmation: wait for wave 3 high beaing broken , then buy market on high re-test.
SL:
Depends what scenario You have choosen.
Take care,
Seb
Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurjpy-m30-update-tpi_6.html
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