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  • Vasily Trader

EURJPY: Breakout Trading Plan (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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