Setting up for a wave iii (orange) down of a 5th wave ...... soon, near 0.6182 retracement @ 138.26, EW type stop loss @ invalidation where it breaks upper channel line.
Lesson learned - Was waiting for full 0.6182 retracement before going short, while minor wave count revealed wave (c) of ii already
completed short of 0.6182. Now entered lower with target 1.6182 x iii @ 126.62 holding.
TradingEW
⋅
EURJPY moving on declining on an impulse wave iii.
completed short of 0.6182. Now entered lower with target 1.6182 x iii @ 126.62 holding.