Hi guys ,
Ive been trading the eurjpy as it has moved up from the lows in a nice channel.
Currently the pair is at a nice level and looks like it could be forming a bullish pennant on the 15 min timeframe for a quick intraay trade.
at the moment the pennant retraces 38.2 % of the pole and a double bottom is formed on the hourly so a move up seems likely.
Ive been trading the eurjpy as it has moved up from the lows in a nice channel.
Currently the pair is at a nice level and looks like it could be forming a bullish pennant on the 15 min timeframe for a quick intraay trade.
at the moment the pennant retraces 38.2 % of the pole and a double bottom is formed on the hourly so a move up seems likely.