Buyers are in control again following the dip of mid-September. The strong reverse SHS_formation signals the next spike. Watch for a cycle low or a higher low to take long position.
Bulls are exhausted … good chance to make a hit. Short 20-30 few pips below the next lowest high point for 150 pips.
A top-line breakout is an opportunity to buy with target Fib 0.382 / Fib 0.500. Then sell again. A reaction from top channel line shows next down move. Sell b/w 1.700 – 1.1730 for the channel break from below.
Next station is 1250. Sell the highs until 1288. Above 1288 buy region.
Watch for a rebound or a breakdown - Buy above 0.9700 ... Sell below 0.9650
Price rebounded from DCL 5th wave is on its way Buy EURJPY SL 132.00 TP 136.00
Watch out reaction from MA50 on 4H chart If it rebounds sell at 1.1820 - place SL 50 pips above MA50 Target 1 ... 1.1680 Target 2 ... 1.1300
Sell at the top of channel 1.2570 SL at 1.2670 Target 1.2450
Cup and handle is forming on a double bottom Buy target 0.73
if it breaks 112.73 double bottom confirmed