The weekly chart clearly shows a set of tweezer bottom
, what we must thing about is..... is this a true or false bullish
formation!!! IDK so i busted out the good old elliot wave
. the wave formation appears to Me that EURJPY
is finished up on wave 4 and we are finishing up on subwave 2 of wave 5.... look at chart! I am chose to be short 1st and long 2nd and then short again to lows EURJPY
. When Cypher pattern
is activated it will move to target 1 only ,which is at . 382 retracement
. This retrace will be subwave 4.