Trade Alert
If this is correct, then there is a potential for an upside. But, of course, before we could start examining such a scenario, we would need to see the actual break of the upper side of the so-called wedge formation. Only then the formation could get confirmed. That's why for now, this is just an idea.
If EUR/JPY continues to travel lower, then keep your eyes on the 127.00 level, which almost coincides with the S2 zone.
Don't forget your SL.
If this is correct, then there is a potential for an upside. But, of course, before we could start examining such a scenario, we would need to see the actual break of the upper side of the so-called wedge formation. Only then the formation could get confirmed. That's why for now, this is just an idea.
If EUR/JPY continues to travel lower, then keep your eyes on the 127.00 level, which almost coincides with the S2 zone.
Don't forget your SL.