TradingView
TimStuyts
Jan 23, 2016 1:13 PM

EURJPY Long

Euro Fx/Japanese YenFXCM

Description

I was looking for a break higher for the EURJPY. However this move didn't get triggered and we saw a triangle correction and another impulse lower.
Last week I mentioned that a triangle almost always occurs prior to the final move of the structure. With a new low and reversal we might see a bullish break out next week.



I will be looking for the break to buy the EURJPY.

For my previous update see below:




timstuyts.com

facebook/timstuyts/

More