EURJPY has been moving inside a clear symmetrical triangle pattern, with both upper and lower trendlines being respected multiple times.
Each swing inside the triangle became smaller, showing compression and loss of momentum.
Now price has broken below the lower triangle boundary, shifting the structure into a bearish continuation setup.
✨ My View
Once a triangle breaks to the downside, the next move is usually a momentum push toward the next support or liquidity cluster.
Based on the chart, my expectation areas are:
🎯 Expectation 1: 180.350
🎯 Expectation 2: 179.900
These are natural expansion levels after a triangle breakdown.
The market already reacted to the lower trendline, so continuation toward the expectation lines is likely.
The arrows show the natural flow of price once the triangle loses support.
🔥 Why This Triangle Breakdown Matters
- Clean touches on both sides → strong symmetrical triangle
- Final break happened with a strong push downward
- Lower highs created before the break (weakening buyers)
- Clear downside space until support zone
📘 Disclaimer
This is only my personal view, not financial advice.
Each swing inside the triangle became smaller, showing compression and loss of momentum.
Now price has broken below the lower triangle boundary, shifting the structure into a bearish continuation setup.
✨ My View
Once a triangle breaks to the downside, the next move is usually a momentum push toward the next support or liquidity cluster.
Based on the chart, my expectation areas are:
🎯 Expectation 1: 180.350
🎯 Expectation 2: 179.900
These are natural expansion levels after a triangle breakdown.
The market already reacted to the lower trendline, so continuation toward the expectation lines is likely.
The arrows show the natural flow of price once the triangle loses support.
🔥 Why This Triangle Breakdown Matters
- Clean touches on both sides → strong symmetrical triangle
- Final break happened with a strong push downward
- Lower highs created before the break (weakening buyers)
- Clear downside space until support zone
📘 Disclaimer
This is only my personal view, not financial advice.
Trade closed: target reached
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.