EURJPY: Trend Reversal and New Sell Opportunity

The market moved downward following a bearish divergence as a trend reversal signal. It gave us a sell trade below 122.600, and this trade could be profitable. If the price moves back to 122.600 one more time, it will be possible to sell from this resistance using a reversal signal. Stop orders for such sell trades must be placed above the local market high.
Profit targets should be at SMA100 and SMA200.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.