GenesisCTY
Long

EURJPY : Upward Breakout Descending Triangle?

FX:EURJPY   Euro / Japanese Yen
Hey guys! A couple weeks ago I posted about a Descending Triangle on EURJPY             that seems to be near completion soon!

But I seem to find signals that it will be an upward breakout instead!

-Stochastics have shown a bullish divergence
-Weekly chart Fib Retracements has shown that this Descending Triangle is resting on the 50.0 Fib Level

Seems like it could be a really good buy signal! I love divergences, they are always so strong!

If it breaks upward, I'm gonna trade it!
If it breaks downward, I won't touch it!

Weekly Chart 50.0 Fib Level:

Any thoughts and comments on this? Share it here! :)
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