EURObull

EURObull

Great pullback to the 135.10. Grabbed 20 pips on the short and our limit longs were activated at the 135.18's. CCI looking good. Could see one more thrust down to clear recent buy stops, or EUR/JPY could take off unexpectedly right here. Target: 136.40

EURObull

Looking for EUR/JPY to come back down to rest/test top of broken right shoulder. Short from 135.40, targeting 135.20 area Limit longs sitting in the 135.18 area. Long Target: 136.40

EURObull

Right shoulder has now been broken to the upside, looking for pullback to test/rest on top of right shoulder, 135.10 area, as per yellow arrows. CCI holding on our 240 charts as well to support our continued long bias. Target: 136.40

EURObull

Take a look 4 bars back at that 100 pip monster. Pullback did not violate its bottom, and we are still seeking a "broken" head and shoulders pattern long. Plus, look at where buyers stepped in and the "V snap" on our 240 CCI line. Target 1: 136.40 Target 2: 137.19 - 137.30

EURObull

Long bias still in place. Looking for EUR/JPY to pop up over 135.20, then come down to test/rest on top of right shoulder, around the 135.10 area, then proceed to our long target. Target: 136.40

EURObull

EUR/JPY is desperately trying to shake off profitable longs. Drew yellow arrows to show potential "broken" Head and Shoulders pattern. Target: 136.40

EURObull

Limit long triggered overnight at 135.05 and added to long down here at 134.67 CCI on our 240 chart still holding up. This looks like a flush out to chase out weak longs. Target: 136.40

EURObull

Long limit orders sitting at 134.99 Target: 136.40

EURObull

Nice layered long, best fill got us just over 150 pips. Anticipating a little pullback/breather up here at the 135 area. Getting late here, might pass on a quick short...we'll see how this develops. Still looking for 136.40 long target after we asses current EUR/JPY behavior.

EURObull

Eurogroup meetings to end soon. Be on the lookout for some news that excites the markets. Notice the epic bullish divergence showing on our 60 minute chart (yellow lines). Also, Greece made its IMF payment: www.theguardian.com Long Target: 136.40

EURObull

We have sideways price action with rising CCI on our 240 chart. Our best fill was overnight at 133.55 Long Target: 136.40

EURObull

Set a limit buy order overnight, and was hit, already up almost 30 pips. Still layered in long. Target: 136.40

EURObull

Chop, slop, and lots of long (protective) stop clearing. Still holding long bias, and added to our long position here at the chop lows. Monday is the BIG Greece news, so we may not see anything too exciting as we near today (Friday's) close. Target: 136.40 Let's enjoy the weekend!

EURObull

Price is whipsawing to frustrate, confuse, and get traders to bail out of their long positions. Note rising CCI (purple line) on our 60 minute chart. Stops set under last hour's lows just got run (why we're sitting down here at the 134.29s) Still bullish bias. Target: 136.40

EURObull

EUR/JPY pierced under our 240 CCI, which is normally an early sell signal, however, notice how the box of the (broken) head and shoulders pattern is still holding well. Plus, in 35 minutes, we've got a major news release. Long bias still in place: Target: 136.40

EURObull

Classic move before big news. The last 3 hours will have dragged all kinds of traders and bots into thinking it's going to dump right here. Anyone with long protective stops set under last hour's lows just got cleared out, those bracket trading last hour's lows are now sucked in short. Long Target: 136.40

EURObull

Posted entries/exits on our 60-minute chart, just wanted to have them show up on our 240 chart. In 4.5 hours, JPY Monetary Policy Meeting Minutes will be announced. We are buckled in long and ready for the ride. CCI still holding well. Wave 4 pullback very strong as predicted. Seeking long target of 136.40.

EURObull

Observing CCI on our 60 min chart, when we break above red trendline, market should get back to upward momentum. Long targets still valid: Target 1: 136.00 Target 2: 136.40