Long

EURJPY H4 - Long Trade Setup

EURJPY H4 - Clear consolidation (pennant) seen here on EJ. Nice strong rally with minor pullbacks from 120.300 to 124.300, now starting to see some accumulation/consolidation, gearing up for the next breakout. Bullish pennant, typically expect a bullish breakout. Generally seen as a continuation pattern, but if you wait for the break and retest, you're able to trade either way.

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