{"id":59087,"date":"2014-08-21T07:35:10","date_gmt":"2014-08-21T11:35:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=59087"},"modified":"2014-08-21T07:35:10","modified_gmt":"2014-08-21T11:35:10","slug":"another-head-shoulders-eurjpy-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/another-head-shoulders-eurjpy-wave-analysis\/","title":{"rendered":"Another \u201cHead & Shoulders\u201d. EUR\/JPY wave analysis."},"content":{"rendered":"
August 21, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for August 21st<\/sup>, 2014<\/h2>\n

\"\"<\/p>\n

In our previous review, \u201cNow \u2013 up! Wave analysis of EUR\/JPY for 12.08.2014\u201d, we discussed a possible scenario how the price may start an ascending zigzag<\/em> (d) of [iv]<\/strong>.<\/p>\n

\"\"<\/p>\n

Probably, the pair is about to finish wedge<\/em> [1] of a of (d)<\/strong> of an ascending zigzag<\/em> (d) of [iv] of C<\/strong>. Later the price is expected to form a descending correction [2] of a<\/strong>, after which the uptrend may continue inside wave [3] of a<\/strong>. In terms of technical analysis, the price is forming upside down head & shoulders<\/em> reversal pattern a bit bigger than earlier (in green ellipse).<\/p>\n

\"\"<\/p>\n

Mid-term expectations haven\u2019t changed much. The current chart structure implies that the pair is forming a horizontal triangle<\/em> [iv] of C of (C)<\/strong>, which may be followed by the final ascending wave [v] of C<\/strong>. One of the main waves of triangle<\/em> patterns is usually the longest and most complicated, so possibly the third zigzag<\/em> (c) of [iv]<\/strong> may turn out just this type of wave<\/p>\n

If this assumption is correct, then in the nearest future the price is expected to form the final zigzags<\/em> (d)<\/strong> and (e) of [iv] <\/strong>of triangle<\/em> [iv] of C of (C)<\/strong>.<\/p>\n

However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.<\/p>

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<\/div>\n

RoboForex <\/strong>Analytical <\/strong>Department<\/strong><\/p>\n

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for August 21st, 2014 In our previous review, \u201cNow \u2013 up! Wave analysis of EUR\/JPY for 12.08.2014\u201d, we discussed a possible scenario how the price may start an ascending zigzag (d) of [iv]. Probably, the pair is about to finish wedge [1] of a of (d) of an ascending zigzag (d) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59087","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59087"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59087\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}