EURJPY - News event broke into support zone
Double bottom has formed, creating a triangle pattern where there could be a retest.
If price breaks through resistance level, I can consider riding the double bottom where retracement level .382 sits near the pullback - long.
Trading the triangle would put the price at a second retest - short.
Currently interested in watching this triangle complete with (theoretical) target.
Also, if price pushes through the support zone with a daily candle, I noted the next support level at 111.037 where it could be headed
If price breaks through resistance level, I can consider riding the double bottom where retracement level .382 sits near the pullback - long.
Trading the triangle would put the price at a second retest - short.
Currently interested in watching this triangle complete with (theoretical) target.
Also, if price pushes through the support zone with a daily candle, I noted the next support level at 111.037 where it could be headed
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