EURJPY still isn't giving anything up but to keep it's current formation in tacked I favour the long in keeping with the rounded bottom / bowl formation. A break of formation creating a new lower low then the polarity will have been reversed to the down side targeting fib level 1.618.
Comments
ElPatron.Y
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The larger picture looks like a rounded top
vdubus
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thing we need to see a consecutive lower high for that to be confirmed but yes possibly
ElPatron.Y
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This is the picture I'm talking about. I think we won't see 150 anymore, almost impossible if you ask me. But in FX everything can happen.
vdubus
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If it put's in a lower low in all in for a short, it's a long way down :)