EURJPY – Bullish Continuation Trade PlanEuro/Japanese YenFX:EURJPYByteSignals🔹 Market Structure (Dow Theory) EURJPY is trading in a clear uptrend, confirmed by: Higher highs and higher lows Price respecting an ascending channel The current consolidation acting as a pullback, not a reversal According to Dow Theory, as long as the last higher low holds, the primary trend remains bullish. 🔹 Fibonacci Context The recent pullback retraced into the 0.382 – 0.5 Fibonacci zone, which is a high-probability buy area in strong trends. Price is holding above the 0.618 level, confirming that buyers are still in control. This retracement aligns perfectly with prior structure support inside the channel. 🟢 Entry Logic Long positions are favored near 183.8–184.0, where: Fibonacci support Trendline support Structure support all align. 🛑 Stop Loss: 183.25 Placed below the 0.618 Fibonacci level. Below the most recent higher low, which: Invalidates the bullish structure if broken Protects against a deeper trend reversal 🎯 Take Profit Targets TP1: 184.9 Retest of the previous high Logical partial-profit zone where some selling pressure may appear TP2: 185.9 Extension toward the upper boundary of the ascending channel Represents continuation of the dominant bullish trend ✅ Trade Thesis (Simple) EURJPY is in a strong uptrend. The market pulled back into a key Fibonacci support zone while maintaining higher-low structure. As long as 183.25 holds, buyers are expected to push price first to 184.9, and then toward 185.9. ⚠️ Invalidation A clean break and close below 183.25 would signal: Failure of higher-low structure End of bullish continuation setup