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EURJPY – Third wave to move on – March 22nd, 2021

As shown on the 1H chart, there’s a flat pattern, which supposed to be the fourth-wave of wave (iii). Previously, we had an extension in wave iii. 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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