This EURJPY chart is quite complicated as it it taking into account a scenario that calls for a zigzag to start the c wave to the downside.
It is complicated because of the structure of wave b in magenta as it seems to end with an impulsive move with a failure of a lower degree.
The problem with these failures comes from the fact that they are really rare, but when they do happen, are signaling a top or a bottom. In our case, a possible top.
Like any zigzag, wave c should travel minimum to the end of wave a and that is our…
Top trade idea for December 31st, 2015 – EURJPY
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