The EURJPY has been on a breakout to the upside in the 1H chart. The image below depicts a typical Bollinger Band breakout that I have described in my submission to the article contest this month.
5 Profitable Setups through Bollinger Bands - If you have not read it, click on the link to see the setups described.
This 1 Hour chart shows the typical contraction/squeeze/breakout as described in the article. What we are seeing now, is the potential of a double top/ M top formation forming against t…
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