2015-07-23_00-32-07eurjpy

This chart is showing higher highs and higher lows for the eurjpy currency.

Since price is already in “no mens land” meaning between support and resistance zones one might as well wait for price to unfold.

Of interest to the smart trader is to know if price will take out number 4 on the chart or if the resistance zone will hold.

If a 123 pattern or a double top is printed as a pattern below resistance then a short position should be taken.

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