Long

triangle on euro yen

Updated

hey traders,

I have recently shared with you my trading plan for this pair.
I told you that I am going to buy a retest of a violated level of resistance.
So no I am in a trade, however, some traders need more signals.

On the hourly chart we see a nice triangle pattern.
Bullish violation of this triangle could be a nice trigger to buy the market.

Remember, that triangle by itself does not predict the market's direction.
It is quite possible that bears will break this triangle.

The point here is to buy bullish violation.
You initial target will be based on structure.
Your safe stop is below 124.55

good luck!

Note

bullish violation

Trade closed: stop reached

VasilyTrader

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trading plan for euro yen

by VasilyTrader

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