EURObull
Long

Stop Run Under 5/24/2015 Lows

FX:EURJPY   Euro Fx/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
isomorph
2 years ago
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).
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EURObull PRO isomorph
2 years ago
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!
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isomorph
2 years ago
also note how EURJPY cannot be considered independently of EURUSD. as the latter goes down, so does the former.
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