The pair has been consolidating since Sept between 131.367 support and 134.50 resistance. It broke the wedge support within the consolidation (refer my previous post) and I sold it to support, HOWEVER, I realized after taking the trade that it was a bad trade as I ignored one of my own rules by taking this trade in a consolidation! Sure, it worked out, but not a great trade idea at all and purely luck that came my way. I will remain disciplined with this pair and patiently wait for a breakout of consolidation even if it takes another 3 months!

EURJPY - DAILY - 3 DEC

Source: Maryna

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