EURJPY APPROACHING A MASSIVE ZONE

מעודכן
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

EUR/JPY multiple rejections, what's next!

As we clearly see price is trading inside this falling broadening wedge pattern

In addition, price managed to reject our support zone and traded higher, moreover as we mentioned price in overall bearish

So, as the price approaches the upper falling trendline, lining up with a massive supply zone, as we mentioned previously in the attached analysis.

Which makes the area more interesting as well, we will be searching for new shorts as the price approaches this critical zone.

For now, as the price approaches this area, we will be zooming in into lower time frame and we will be looking for new bearish reversal Like:
Trendline break double top pattern and so on.

If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
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Chart PatternsSupport and ResistanceTrend Analysis

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