Wednesday October 4 at 3:00 ET
EUR/JPY, according to our system, can reverse its upwards trend at either 150.50, or, more likely, 151.00 to 151.10. The safest strategy is to set the limit to short EUR/JPY at 151.00 with a stop at 151.57.
The target is far off, below 148.00, so a 60 pip risk is not a problem. If the upwards trend reverses at 150.50 instead of 151.00, then we can still enter the trade during the first upwards corrective wave, at the top of the minor Wave 2.
EUR/JPY, according to our system, can reverse its upwards trend at either 150.50, or, more likely, 151.00 to 151.10. The safest strategy is to set the limit to short EUR/JPY at 151.00 with a stop at 151.57.
The target is far off, below 148.00, so a 60 pip risk is not a problem. If the upwards trend reverses at 150.50 instead of 151.00, then we can still enter the trade during the first upwards corrective wave, at the top of the minor Wave 2.