Around 1000 pips to the upside here
EURJPY is still very strong and will continue climbing here , there's around 1000 pips to be made here. The big boys need to mitigate the previous bearish orange order block.
I've used a Renko chart to represent price and price action. As you can see a nice base has formed during the second week of September, followed by unusual high bullish volume in the first week of October. The roadmap is clear, we're most likely going to see a double top here at around 175 , with an intermedia target at around 170.
Disclaimer: white bars = up, black bars = down, green bars = unusual high bullish volume, red bars = unusual high bearish volume.
I've used a Renko chart to represent price and price action. As you can see a nice base has formed during the second week of September, followed by unusual high bullish volume in the first week of October. The roadmap is clear, we're most likely going to see a double top here at around 175 , with an intermedia target at around 170.
Disclaimer: white bars = up, black bars = down, green bars = unusual high bullish volume, red bars = unusual high bearish volume.
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