At the beginning of the new month, we start with an opportunity that aims to continue the movement that began on the first of September. Over the past month, EURJPY has managed to form and work off a head and shoulders. In this way a trend is formed to follow.
Already several times the area around 124.50 turns out to be key. This is what we expect at this moment. Another attempt to climb, possibly reaching 124.50 and repulse.
You can enter into a trade right now, but the safer option is to always wait for the repulsion. In this way you will be able to afford a much more reasonable option for placing STOP LOSS. After pushing away from the resistance level, we expect to see a test of the previous bottoms and reaching 122.40.
If you like the analyzes we do - like, comment and follow us!
Already several times the area around 124.50 turns out to be key. This is what we expect at this moment. Another attempt to climb, possibly reaching 124.50 and repulse.
You can enter into a trade right now, but the safer option is to always wait for the repulsion. In this way you will be able to afford a much more reasonable option for placing STOP LOSS. After pushing away from the resistance level, we expect to see a test of the previous bottoms and reaching 122.40.
If you like the analyzes we do - like, comment and follow us!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
