848evo
Short

EURJPY Cluster Chart 10-20-16

FX:EURJPY   Euro Fx/Japanese Yen
16 0 1
PA has bounced up, but did not hit the cluster at 113, it hit close, but that cluster is still intact. PA is now in between a range of clusters and if it hits the top buy cluster, we could see a potential break of the upper channel line. I'm still thinking that PA is going to turn around first and use that sell cluster right below it as pressure to target the cluster at 113 before the real move up.
***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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