The EURJPY 1H price formed a megaphone pattern. The price already broke to the downside and retested the support
Additional confluences:
- The megaphone pattern happened on a strong resistance range
- The 20 and 50 EMAs can [rpduce a bearish cross very soon
You can find the full analysis on our youTube channel: youtube.com/watch?v=IFPAKEuCHzM&t=3s
Additional confluences:
- The megaphone pattern happened on a strong resistance range
- The 20 and 50 EMAs can [rpduce a bearish cross very soon
You can find the full analysis on our youTube channel: youtube.com/watch?v=IFPAKEuCHzM&t=3s
Trade closed: target reached
Price reached 157.25. Projection from the pattern was fulfiled. Price reached the 200 EMA. Since the breakout candle, the price produced over 70 pips of a movement
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Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.