Strong Spike Down

FX:EURJPY   Euro / Japanese Yen
This last thrust down cleared stops from 5.06.2015 longs and also suckered in fresh shorts. Long targets still valid:

Target 1: 136.00
Target 2: 136.40
nice calls! the EURJPY certainly has gotten a lot more volatile. i think i should start watching it again.

i find it hard to believe you do this only using the CCI. do you?

also, just for fun, i am going to disagree with you re the long targets. i don't think IF it tests 136 again, that it will crack it. i'd put my money on a further retrace short all the way to 133. we'll see. ;)
EURObull isomorph
Thanks Iso! Yes, mostly using CCI on 240 and 60 min, and I also have some other charts I've structured over the last 5 years. My long targets are based on what I observed earlier this year. These targets are usually reached fast due to unexpected short covering...not many people believe we can/will get up there.
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