New Long Target: 135.00

FX:EURJPY   Euro Fx/Japanese Yen
Looking for a 5-wave             long to complete within slanted yellow parallel lines drawn in last week, for finishing up the build on the right shoulder of the "gorgeous head and shoulders" pattern that is developing.

Long now, looking for about 120 pips for wave 3 (in now). Pullback of about 50 pips, then long again for another 100ish pips.

Yesterday was a record trading day, returning 20% in one single day. Congratulations to all who followed every trade!
as usual, here's my different scenario ;) :
EURObull isomorph
You do make this fun and very interesting Iso. Take notice at your CCI, and that this most recent thrust has put a lot of effort on CCI, yet price is lagging. When I see this, it's kind of like behind the scenes action, where you can see the true direction they are trying to mask with lagging price.

Always love taking a look at your charts and opinions, thank you for taking the time to share them!
isomorph EURObull
alright, yes... i see it. i am still having a hard time accepting that the CCI works so well. i had dismissed pretty much all classical studies as not being good enough, but i gotta admit it's amazing what you can do with CCI alone. definitely hooked now.

as to the pair's movements, just noticed it found a floor around 134 or so, which is also last year's low. i will have to call my analysis into question if this indeed turns out to be the new major support going forward, because then adios bears, and all aboard the bull train.

however, on daily (we can also see it on H4 but need to compress the chart along the x-axis) isn't that a tiny H&S with a potential right shoulder under way if prices doesn't keep going up?
EURObull isomorph
I know, CCI on the proper setting is absolutely amazing. Knowing specific quirks helps also!

Yes, last week we had a post "Gorgeous Head and Shoulders Pattern". This is exactly where the 135.33 long target is coming from, for the build of the right shoulder.

At that point, we will be able to better see if it's a true H&S, and it gets dumped, or it becomes another "broken" Head and Shoulders, and then continue upward to our 140.72 long target.

Your openness is awesome, enjoy today!
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