Hello traders and the entire Tradingview community! Hope you had a great weekend! Taking a look at the EURJPY, we can see a price channel as indicated in my chart.
The price channel has been working for more than 4 weeks now. As you can already see, price has reversed after hitting the upper trend line of the channel many times in the past.
This time too, EJ is showing signs of reversal after hitting the upper TL of the channel. I am already holding sell positions in EJ@158.50 and I expect EJ to fall further in the next few days.