FX:EURJPY   Euro / Japanese Yen
Going to be keeping a close watch on EUR/JPY for a break in this structure.

An ascending triangle appears to be forming.

EUR/JPY has been a very strong pair so this will be a great opportunity to hop on this trend.

Comments

IMO, it will break downwards to grab liquidity below the trend line and fill the imbalance at the demand zone before going up
+4 Reply
Perfect predictions
+1 Reply
@BitonGroup thank you 🙏🏼
+1 Reply
BitonGroup francesgurton
@francesgurton, very welcome
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I should ask if go down from this point...ok Thanks
+1 Reply
At this point the last candle is 130.51 Is it downside or making correction?
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francesgurton camarafer
@camarafer, looks like bullish momentum has slowed after hitting resistance, but will have to wait and see over the next week or so what price does before considering entry
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camarafer francesgurton
@francesgurton, if make small correction first I can buy from 130.580... but I am not sure yet. Do you think it's good position this buy?
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francesgurton camarafer
@camarafer, I am personally, going to wait to see if price comes back to support at 129.35 level and buy if support is held. Alternatively, price may not come back to support. Instead, price could break resistance at 130.68 and I would be looking to buy at a restest of 130.68 followed by a breakout and continued bullish momentum.
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camarafer francesgurton
@francesgurton, I see looks more comfortable in this way. I really appreciate all you ve done. Take care and thanks a lot.
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