EUR/JPY Daily TF.
Chart 1 shows that price has formed a bear flag - which today tested the upper line of the channel.
Chart 2 shows that it also made a double top.
Chart 3 shows that it also hit the 50% fib of the swing high to low AND formed a pin bar.
I like this setup a lot.
I am mildly wary that USD/JPY has been so strong and today has CONFIRMED the double bottom (by breaking above the peak between) and the EURO/USD is coming into a huge support area.
But still, I think this one is worth a go.
Chart 1 shows that price has formed a bear flag - which today tested the upper line of the channel.
Chart 2 shows that it also made a double top.
Chart 3 shows that it also hit the 50% fib of the swing high to low AND formed a pin bar.
I like this setup a lot.
I am mildly wary that USD/JPY has been so strong and today has CONFIRMED the double bottom (by breaking above the peak between) and the EURO/USD is coming into a huge support area.
But still, I think this one is worth a go.