The price perfectly fulfilled my previous idea. 
EURJPY is rejecting the upper resistance zone after forming a higher high near 173.000. Price structure shows an upward channel with multiple touchpoints and an A-B-C corrective movement. A breakdown toward 171.910 is likely as long as price remains under 173.200. Overall momentum suggests a short-term retracement within the broader trend.
📉 Key Levels
💡 Risks
📉 Key Levels
- Sell trigger: Break below 172.700
- Sell zone: 172.950 – 173.200
- Target: 171.910
- Invalidation: 173.300
💡 Risks
- Failure to sustain breakdown could trigger a squeeze toward 173.400.
- Broader uptrend may overpower short-term bearish setup.
- Unexpected macro news could reverse sentiment rapidly.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade closed: target reached
although the price did not reach resistance, as a result it reached the support level.💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.