EURJPY - TRIANGLE PATTERN
It follows my other view of the chart with shoulder head pattern, but more simple way.
In june, after a long down trend started in 2014, we finally hit the major resistance / Support of 2012after and then we had a range for last 2 month which it may imply the start of a uptrend.
As you can see we also approach the long down trend resistance line (Orange).
We can get here a good entry point for a very long trade - 3600 pips - to 150 yen level .
Or more simply - 227 pips -
In june, after a long down trend started in 2014, we finally hit the major resistance / Support of 2012after and then we had a range for last 2 month which it may imply the start of a uptrend.
As you can see we also approach the long down trend resistance line (Orange).
We can get here a good entry point for a very long trade - 3600 pips - to 150 yen level .
Or more simply - 227 pips -
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