Ecantoni

EURJPY vs. 2015 fractal

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FX:EURJPY   Euro / Japanese Yen
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Fractal extrapolated from 2015, during the continuation of the Greek "crisi" right before the referendum, is here to the current North Korean crisis. Some would prolly address it as an atypical three picks and domed house, but beyond all the drama and the war of words the cross has rallied 12% since A p r i l and valuations are stretched, especially considering the inability of the ECB to really start its own tightening cycle. All in all, its bluff is not that far from the one called by N K , for now. Even if the BOJ wont definitely stand and stare, another fractal extrapolated from 2011, however, would confirm with the algo macd strategy the same signal. Stops and t/p are discretional and the analysis shall be seen as just informational only.

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heres the 2011 fractal mentioned above
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