EURJPY - Bullish

90
Story: Market is in bullish trend with series of HH and HLs. There is no divergence on the chart therefore we expect market to continue bullish trend. as the market is continuing bullish, we look for any continuation pattern. Yes, we have found one, which is bullish flag pattern.
there is no reversal or harmonic pattern.

Anticipate : it is anticipated that market will breakout the Flag neck line and we anticipate the market to reach its projection of flag-pole.

Plan is to enter in the market on break out of neckline and continue riding till the projection of flag-pole with our SL placed just below the Marked HLs and we set our TP1 and TP2 with R:R of 1:1 and 1:2 respectively.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.