This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Thursday, March 19, 2015
4 Hour EURJPY
From an Elliott Wave perspective that EURJPY looks about as close to perfect as you're going to get. This offers up at great risk/reward ratio, so I'm jumping in short with the stop just above the wave ii (circle) high.