EURJPY. Triangle pattern, waiting the breakout
Hey traders!
In the above chart you can see a triangle pattern. To know the direction of the price it's necessary to wait until the breakout, after this one could be a pullback, it would give us the chance to get into it if we missed the first chance.
PS: usually this is a continuation pattern, but not always works like this, so after the breakout we will place the trade in the direction of this one.
Regards!
In the above chart you can see a triangle pattern. To know the direction of the price it's necessary to wait until the breakout, after this one could be a pullback, it would give us the chance to get into it if we missed the first chance.
PS: usually this is a continuation pattern, but not always works like this, so after the breakout we will place the trade in the direction of this one.
Regards!
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