Hello traders!
We’ve just seen a clean breakout from a Diamond Continuation Pattern on the 1H EURJPY chart — and it came with a surge in volume, confirming the move.
🔹 Pattern: Diamond Continuation
🔹 Breakout Level: 166.735
🔹 Target: 168.803 (100% measured move)
🔹 Stops:
• Conservative: Below 165.824 (mid-range support)
• Aggressive: Below 164.919 (diamond low)
Price held firm inside the diamond, then exploded through the top boundary on strong momentum. The breakout is now live and confirmed. If the structure holds above 166.73, we stay focused on the full projection into 168.80.
✅ Key Strategy:
Use the previous low or the 50% midpoint for stop placement. We’re managing this as an active long continuation — structure, volume, and fib all align.
📈 Stay patient, manage the risk, and let the market unfold.
We’ve just seen a clean breakout from a Diamond Continuation Pattern on the 1H EURJPY chart — and it came with a surge in volume, confirming the move.
🔹 Pattern: Diamond Continuation
🔹 Breakout Level: 166.735
🔹 Target: 168.803 (100% measured move)
🔹 Stops:
• Conservative: Below 165.824 (mid-range support)
• Aggressive: Below 164.919 (diamond low)
Price held firm inside the diamond, then exploded through the top boundary on strong momentum. The breakout is now live and confirmed. If the structure holds above 166.73, we stay focused on the full projection into 168.80.
✅ Key Strategy:
Use the previous low or the 50% midpoint for stop placement. We’re managing this as an active long continuation — structure, volume, and fib all align.
📈 Stay patient, manage the risk, and let the market unfold.
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.
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.