EURJPY

We don't usually post with so many indicators on the chart - but thought this was worth sharing.

Euro COT data is favouring the upside - when you add Elliott wave patterns to the daily, you will see we are in the process of the 3-4 wave. This matches the current COT data levels nicely.

You will see slow momentum (corrective) down.

The Strength index is showing the two currencies running basically in parallel - also standard for correction.

In addition, we have added momentum and volume data to highlight some interesting pieces of information.

The Heatmap called the bearish pullback - We also use Advanced Get charting tools and all point towards completion of 4 and a continuation of the Bullrun once the target is achieved of 4.

Waiting for Long entries on this.

Disclaimer
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