EURJPY continues fall in channel
The price of my past forecast fulfilled the first part of the trade - namely, it reached the resistance line.
Then it consolidated on the line and is now ready to fall.
The price is in an ascending channel, which began to form in July 2019.
I noted how two channels (descending - March 2018) intersect and the price moves from one to the other.
The transition causes certain price instability and channel line breakouts.
However, now the price has approached the resistance line of the rising channel 126.611.
She was unable to break through the lines. I started to fall.
I expect the price to continue moving in the channel and fall towards the support line.
Target -122.548.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
Then it consolidated on the line and is now ready to fall.
The price is in an ascending channel, which began to form in July 2019.
I noted how two channels (descending - March 2018) intersect and the price moves from one to the other.
The transition causes certain price instability and channel line breakouts.
However, now the price has approached the resistance line of the rising channel 126.611.
She was unable to break through the lines. I started to fall.
I expect the price to continue moving in the channel and fall towards the support line.
Target -122.548.
------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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