EURJPY has been on a descent downtrend for the las couple of months and approached a monthly support from which it bounced 3-4 times forming equal lows but lower highs forming a descending triangle. if pattern completes our base range is around 1k pips so our target range is 1k meaning our full target from breakout should be around the 111.844 area
This pair will go long after making a higher low on the daily
we have a Possible long setting up on EURUSD if and only if we see a break above the 1.15 area, since EU has been playing Support and Resistance for the last couple months being 1.15 area a strong resistance & 1.04 area a strong support.
So far EG is behaving as expected after weekly candle closed below trend line and harmonic pattern was completed. First target was hit at the 127 Fib extension, short remains active looking for it to hit the next level within 24hrs
Currently looking for a close below weekly trend line for a possible short, in the case of a close above probable long swing of 268 pips plus