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EURJPY 1H Megaphone chart pattern

Short
Euro / Japanese Yen (FX:EURJPY)  
RTED_Investing Updated   
FX:EURJPY   Euro / Japanese Yen
Chart Patterns
6
0
chartpattern
The EURJPY 1H price formed a megaphone pattern. The price already broke to the downside and retested the support

Additional confluences:

- The megaphone pattern happened on a strong resistance range
- The 20 and 50 EMAs can
Trade closed: target reached:
Price reached 157.25. Projection from the pattern was fulfiled. Price reached the 200 EMA. Since the breakout candle, the price produced over 70 pips of a movement
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