The EURJPY has formed a trap against channel resistance and is now about to fall. What to expect from the price?
Earlier the price consolidated for a long time near the channel resistance, waiting for a break-down. But it was a false-break and that maneuver might be called a market-maker's trap. The price breaks through the key support down to 140.73 and consolidates under the level, opening the potential to sell
I expect the end of the consolidation under 140.73 and the fall of the price to the support 138.12
Regards R.Linda!
Earlier the price consolidated for a long time near the channel resistance, waiting for a break-down. But it was a false-break and that maneuver might be called a market-maker's trap. The price breaks through the key support down to 140.73 and consolidates under the level, opening the potential to sell
I expect the end of the consolidation under 140.73 and the fall of the price to the support 138.12
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.