EURObull

EURObull

We are watching the CCI on our 240 chart. EUR/JPY ran straight up and bumped into the trendline which used to be support, now is resistance. Will be looking to short on the next hour's bar, making sure the CCI line stays below the red trendline (see blue arrow below). Cautious short, since we are at a pivotal decision area with regards to large time frame CCI...

EURObull

EUR/JPY could get boosted here to around the 133.70 area. Holding off on shorts for now, awaiting another sell signal. Great short, grabbed just under 60 pips.

EURObull

Great short, grabbed just under 60 pips. EUR/JPY looks a bit jumpy down here, may re-enter short later, and will let it boost/chop around a bit first.

EURObull

Very clean H+S short setup here. EUR/JPY is building the right shoulder and once they chopped it around enough, should drop nicely, especially under the 133.70 should gain some great momentum. Targeting 132.92 for our shorts (about 100 pips from our current price levels)

EURObull

Notice the large red CCI Trendline below, holding since 3/26/2015. It has just been breached to the downside (see yellow arrow area). We are layering in short as the market chops around right now in the 134.06 area. Not sure if we will get serious selling momentum right away. Short Target 1: 133.60 Short Target 2: 133.20 Short Target 3: 133.00

EURObull

Our 240 CCI has just been breached to the downside. We've exited our longs with a small profit.

EURObull

We can see on our 240 chart that stops were run overnight and price immediately took off to the upside. Still long, about +20 pips right now, still looking for: Target 1: 135.00 Target 2: 136.00

EURObull

CCI on 240 on critical trendline touch for continued long trades. This could very well get up to 136.00 from here. That is 230 pips from our current price level. Let's see how the market handles this critical area of 133.70. update: we are long from 133.88 area: Target 1: 135.00 Target 2: 136.00

EURObull

Lots of propping here and also in EUR/USD. They may not dump it here to the 3 targets listed last week (those will become valid again when there is a strong selling rally). Let's see how they handle it when we get to our updated target. Updated short target is: 134.20 Our best (highest) fill was 134.67, and we've been adding to our short position as EUR/JPY is...

EURObull

It's kind of like when a roller coaster slowly climbs up, then BAM! A hard, fast and exciting drop is coming. Added to our short up here at 134.67. Too many shorts keep getting on board, so EUR/JPY keeps juicing upwards. Look for some news "event" to be the "reason" why we drop fast and hard. Could possibly see a large gap down over the weekend (been a while...

EURObull

We should be good to go now for continuation toward our short targets.

EURObull

We were patient and the last hour's bar juiced up 40 pips. Added to our short as EUR/JPY crept up. Strong resistance showing here on purple line at 134.17. Target 1: 133.44

EURObull

Great bearish divergence on 60min CCI. Target 1: 133.44 Target 2: 132.93 Target 3: 130.50

EURObull

Longs went beautifully according to plan. Stops were run and the ensuing giant candle was most likely fueled by a lot of short covering. Had limit orders (short) up at 132.90 and 133.55, looking for a drop to 132.75.

EURObull

Quick pop, clear stops, lure in fresh longs, then dump it. Classic FED setup for EUR/JPY. Watch for juicing up to the 133.59 area. Expecting short entry from 132.90 and 133.50 areas.

EURObull

It's rare that 1.5 hours pre-FED that we would be given this short right here. More upward juicing most likely, and would not be surprised to see us slam into the 133.59 area before the fall. 2 short targets (aggressive) are 130.20 and 130.10 (red dotted lines). Let's enjoy today!

EURObull

Long targets from yesterday hit were 130.70 and 131.00. We may have just had our short covering rally here. Looking for a sell signal as CCI is showing strong bearish divergence on our 60 and 240 charts.

EURObull

No short signal yet. EUR/JPY is trying to sucker in fresh shorts and just cleared long stops sitting under 130.42. Target 1 Long is 130.70 and possible Target 2 is 131.00.