EURJPY: Breakout Trading Plan
EURJPY is trading within a major expanding wedge pattern on daily t.f.
Its support line was reached yesterday.
On 4H the price is steadily falling within a falling parallel channel.
To buy with confirmation, I recommend you waiting for a bullish violation of the resistance line of that channel first.
Only then long position can be initiated with initial goal - 126.83
In case of bearish breakout of daily wedge's support,
setup will be invalid and bias will change to bearish!
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