Custom Post Type and Taxonomies, creating the corresponding template file and loop the data

I figured out the answer,

since I am registering my taxonomy as phototype I simply have to create a file named taxonomy-phototype.php and inside that I will get the data by looping like I normally would in wordpress

<?php if (have_posts()): ?>
    <?php while (have_posts()) : the_post(); ?>
        <?php the_content(); ?>
    <?php endwhile; ?>
<?php endif ?>