Lingrid | EURJPY consolidating MARKET. LongFX:EURJPY has formed a large triangle pattern and has broken through the upward trendline that had been respected multiple times before. On the daily timeframe, we can see that the price was consolidating following a significant sell-off. It is now approaching the support level where a bullish impulse occurred previously. I believe the market will bounce off the bottom of the consolidation zone as well as psychological level at 161.000 and retest the middle of the triangle pattern. My goal is resistance zone around 162.290
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻