"Top and Bottom Analysis" EURJPY by ThinkingAntsOk
308
4H Chart Explanation:
- Price broke the Descending Channel. - Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times. - If price bounces from here, it has a long potential movement towards the Resistance Zones. - The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764.
The Weekly and Daily Analysis also supports that idea. Take a look!