VasilyTrader

EURJPY: Potential Continuation & Trading Plan

Long
FX:EURJPY   Euro / Japanese Yen

hey guys,

a classic trend continuation pattern on EURJPY.

we see a sequence of higher lows and all higher highs are stuck on a horizontal structure resistance
forming a perfect ascending triangle.

with 1H candle close above the resistance we can buy the market on pullback expecting a further bullish continuation.

target levels will be:
118.5/118.8

safest stop is below the last higher low.


if the market respects the resistance and retraces below the last higher low, the pattern becomes invalid.

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