There is a good potential setup forming on the EURJPY chart.
- UTF has plateaued
- PA has consistently been over 50 pips south of the MA(68).
- PA has touched the lower red CoG band, and is very close to the MS1 pivot. (I generally find that longs on support pivots and shorts on resistance pivots pan out well)
Renko candles are still consistently bearish, and the HMA(20) has yet to change, but there will definitely be a fairly profitable long signal soon. It could be 1 hour or 10 though, so don't get penisy. MS1 is about 23 pips away, and will mostly be the fulcrum for the trend change.