The price perfectly fulfilled my previous idea. It reached the target zone. 
EURJPY market made a false breakout of the support zone around the 156,000 level. On the daily timeframe, we can see that the price reached a demand zone it has bounced off multiple times. Recently, the price broke through the previous high in market structure, then pulled back to retest the support level and the upward trendline. I expect the price to retest the upper boundary of the channel and potentially move above it. My goal is resistance zone around 158,000
EURJPY market made a false breakout of the support zone around the 156,000 level. On the daily timeframe, we can see that the price reached a demand zone it has bounced off multiple times. Recently, the price broke through the previous high in market structure, then pulled back to retest the support level and the upward trendline. I expect the price to retest the upper boundary of the channel and potentially move above it. My goal is resistance zone around 158,000Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
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🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Related publications
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
Related publications
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.