EURJPY: Descending Triangle
EURJPY is currently contracting within a descending triangle formation.
if bears break below the horizontal support of a triangle,
for us it will be a signal to short the pair expecting bearish continuation.
T1 - 117.6
T2 - 117.2
you can also apply a trailing stop because the market has much space to go lower!
stop will be above the last lower high of a triangle.
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.