EURJPY
▪️Bullish main channel
▪️Bearish channel break within bullish channel
▪️Forming bullish channel from 2nd touch on resistance
As you can see we have a main bullish channel, within that channel, a bearish channel was formed, which after making the 2nd touch on the resistance broke into the bearish channel.
Now a bullish channel is being formed from the touch on the resistance (trendline), I have drawn the possible pattern that can continue to go up until touching the support, a pattern that we have seen previously in this pair.
We will wait for confirmation in a period of 4h / 8h to enter longs (buy)
▪️Bullish main channel
▪️Bearish channel break within bullish channel
▪️Forming bullish channel from 2nd touch on resistance
As you can see we have a main bullish channel, within that channel, a bearish channel was formed, which after making the 2nd touch on the resistance broke into the bearish channel.
Now a bullish channel is being formed from the touch on the resistance (trendline), I have drawn the possible pattern that can continue to go up until touching the support, a pattern that we have seen previously in this pair.
We will wait for confirmation in a period of 4h / 8h to enter longs (buy)