EURObull
Long

Here Is An Example of a Potential "Broken" Head and Shoulders

FX:EURJPY   Euro Fx/Japanese Yen
Price should break out of this box, come down to reset on the top of the box (right "shoulder"), then take off long to our 2 targets.
ddp922
2 years ago
quite a bit of resistance in the 134.30 zone. Everytime we manage to enter it we get pushed out quickly
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EURObull PRO ddp922
2 years ago
Yes, this is the zone where they decide to confuse people. The back and forth gets many traders whipped around. Longer time frame gives us the freedom to enter our trade and let it work out. The only time we would bail from this long is if CCI had a dramatic fall out below the (red) trendline it's held for the last 3 months.

Hope this helps.
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EURObull PRO EURObull
2 years ago
Yesterday was a great example of being nimble and taking advantage of that short when CCI broke down under the (red) trendline. I decided to exit my short yesterday right around the 133.20 because I noticed some spirited buying in that area. That caused me to take a serious look at CCI and if EUR/JPY would boost strong enough to get back into its long term trend line we've been following.
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