slosh4x

Consolidation_Patterns

FX:EURJPY   Euro / Japanese Yen
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2
Consolidation Swings

Just realized THREE CONSECUTIVE PATTERNS before break-out, The first pattern was on my previous day analysis and I was expecting a break-out in a while from the weekly Flag bearish Pattern .
So I guess it makes sense to me that a weekly Flag Pattern may influence a lower Time-frame to form - three to five consecutive patterns before a [bBearish Breakout.

Comment: Support And Resistance
The bottom line @ about 122.800 will be my support area and the top @ 123.800 will my resistance area with a range of 100 point in between equaiting to Daily Ranges for counter-trend traders.
Comment: Cheack the "four hour Time-Frame" not the Weekly!

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