EURJPY: long setup from daily resistance at 186.242EUR/JPYOANDA:EURJPYThe_Traders_HouseThe EURJPY asset has been moving in a fairly wide channel for the third month now and has approached the resistance level closely. Holding above this mark will open the door for further growth. What makes this setup look promising: after three days of continuous growth, we saw a clean double test of the level yesterday. The most important part is that after these tests, the asset didn't go into a deep correction. Instead, the price started consolidating right below the resistance. Gameplan: If this consolidation continues and the sellers fail to pull the price down, it will form a great base for a long breakout trade. Continuing to monitor the setup. PRO-THESIS FACTORS: trend alignment liquidity vacuum beyond level volatility contraction on approach close retest prolonged consolidation precise level testing at-level close extreme close Leave your thoughts on the setup in the comments. Follow this profile to monitor all upcoming ideas.