EUR/JPY Top Retest? by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸Due to that, we were expecting a bearish brekout of the consolidation.
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🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high.
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🔸 Will look for a lower timeframe bullish setup (short term).
.
.
🔸 Price broke the Ascending Trendline.
.
🔸Due to that, we were expecting a bearish brekout of the consolidation.
.
🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high.
.
🔸 Will look for a lower timeframe bullish setup (short term).
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