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...
Thank you
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...
Thank you
