EURObull
Long

Stop Run Under 5/24/2015 Lows

FX:EURJPY   Euro / Japanese Yen
Market has been sideways overnight, boring traders and luring in more short interest. Protective long stops under 5/24/2015 lows have been cleared. Looking for market to get up to our yellow (slanted) parallel lines.

Also note bullish divergence on CCI (black lines), in coordination with current megaphone pattern.

Target 1: 135.33
Target 2: 135.77
also note how EURJPY cannot be considered independently of EURUSD. as the latter goes down, so does the former.
Reply
here's all you need to know: http://news.forexlive.com/!/wall-street-journal-money-managers-slash-wagers-against-japanese-currency-20150526

daily looks like a weight pulling it down now below the TDm midline. usually daily momentum doesn't suddenly stop and reverse 200+ pips. hence... lower she goes to WS1 and maybe MPP. (same daily chart i posted last week).
Reply
EURObull isomorph
We pulled longs just over the 134.07's this morning. Consolidation and chop here while the market looks to confuse traders and yesterday was one of our best yet. Lots of longs and shorts within the megaphone patterns. Hope your trading is going well also!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out