Cycle analysis EUR/JPY daily chart starting Aug.11

[4xis2ez]

Cycle analysis chart for EUR/JPY, daily chart, starting Aug. 11. Saturdays and Sundays are included in the chart. Comments will be made when trade possibilities arise.

[4xis2ez]

Bmp file of above chart.

[4xis2ez]

For the start of this week, I will be looking to buy dips in eur/jpy for a reaction to the 3 high.
Also possible is usd/can sell. See that thread.

[4xis2ez]

Bought eur/jpy at 127.85, stop 127.60. I am thinking the 2 low has been made and trading long for the move to 3 high. No target yet, use traiiling stop.

[4xis2ez]

Looks like the 2 low was made over the weekend. A rising channel forming. May not be a big move, but tradeable.

[4xis2ez]

Target on the above long position is 128.85

[4xis2ez]

Stopped on the above trade 127.60

[4xis2ez]

Updated chart for eur/jpy. Turn points worked good expect for congestion around points 5 and 6. Perhaps a buying opportunity when the 8 low is made next week.