Fxprotrader
Long

EURJPY Breakout Of Triangle Opens Doors For Long

FX:EURJPY   Euro Fx/Japanese Yen
230 0 17
Price is in a corrective structure after a sharp big impulsive drop. Looking closer in the corrective we may see an impulsive up move (A wave) followed by a consolidation into a triange (B wave). Price has broken above the triangle and most likely will form another impulse up for the final C wave of a ABC             corrective pattern

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