After a topside breakout, EUR/JPY traded up to another new high at 134.41. This is a key Fibonacci level, as 134.41 is the 61.8% retracement of the 2014-2016 major move in the pair, and this is helping to set near-term resistance. That resistance came into play on Friday morning, and after grinding around this level for a few hours, sellers took over and drove prices lower. And that retracement continued with aggression until another support ...
Table of Contents IntroductionThe differences between the Pennant and the TriangleHorizontal PatternContracting TriangleExpanding TriangleA universal indicator to search for the Horizontal Pattern and TrianglesA universal indicator to search for the Flag, the Pennant and the WedgeTester IndicatorConclusionAttachments more...
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