Trend continuation trade advanced pullback, ascending channel

Euro Fx/Japanese Yen FX:EURJPY


Late entry to a trend continuation trade on the advanced pull back with an ice zone providing great resistance, on the move up to my kill zone we see an ascending channel and at the beginning of this channel the market was overbought but continued to make high highs but on less momentum forming this ascending channel which is a loss of momentum pattern, which I do not personally trade but it is a good sign. Targets are potentially at a retest of the lows of 116.186 and 115.208.

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