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EURJPY H4 - Long Trade Setup

Long
Euro / Japanese Yen (OANDA:EURJPY)  
Trade_Simple_FX  
OANDA:EURJPY   Euro / Japanese Yen
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4
0
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EURJPY H4 - Clear consolidation (pennant) seen here on EJ. Nice strong rally with minor pullbacks from 120.300 to 124.300, now starting to see some accumulation/consolidation, gearing up for the next breakout. Bullish pennant, typically expect a bullish breakout. Generally seen as a continuation pattern, but if you wait for the break and retest, you're able to trade either way.
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