price broke out of an ascending patter with a minor ascending pattern that may signal that the bullish momentum might change to bearish momentum, basic knowledge is that ascending patterns end up breaking to the downside, therefore in this type of pattern we are looking for a sell
price is currently approaching the previous daily swing high in an ascending corrective pattern that might result in the formation of the second leg of the M formation ( double top). if price really does form an M Double top) formation we will be potentially looking for a sell but setup can still be invalidated therefore we need to be careful and monitor price...
price has completed the first leg of the "M" formation and now it is moving upwards with the possibility of creating the second leg of the M formation chart pattern that will result in a sell-off of EURJPY, the is a possibility that the pattern might be invalidated but we will just have to wait and see what happens. Please keep in mind that the "M" formation chart...