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Nairaland Forum / Nairaland / General / Education / EURJPY - Descending Channel (105 Views)
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EURJPY - Descending Channel by bluebellfx: 9:42am On May 26, 2022 |
Hello Traders, its almost month end and i hope you had a successful trading month. Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April. Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support... So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart... For more free analysis, please follow, like and share... Follow up on twitter @Bluebellfx, youtube @Bluebellfx Thank you.
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