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EURJPY – Second-wave might be at the early stages – March 11th, 2021

As shown on the 1H chart, there’s a triangle, which supposed to be the fourth-wave of wave iii. Previously, we had an extension in wave ((3)). In this case, the fifth wave of wave iii should begin shortly. As you can see on the 8H chart below, wave ((ii)) finished as a double zigzag. Thus, after a break, the market should continue unfolding the third wave of wave ((iii)).

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