Hey traders,
Hope you're all having a great weekend.
Price has touched the resistance trend line (A) on 3 different occasions, on the 3rd touch we seen price show strong rejection therefore causing bearish momentum. Right now price is currently on its way to a support level (B). If price breaks this level (B) we can expect EURJPY to continue to drop with more bearish pressure.
Ichimoku Indicator:
-Potential red cloud about to form indicating bearish momentum.
-Red line has crossed above the blue line also indicating bearish momentum.
-The green lagging span line has also broken below the cloud indicating a potential sell.
To confirm the downtrend the support level (B) needs to be broken.
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Please leave a like as it is much appreciated👍
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Drop a comment below on what you think of this trade🗨
GOOD LUCK ON YOUR TRADES!😃
Hope you're all having a great weekend.
Price has touched the resistance trend line (A) on 3 different occasions, on the 3rd touch we seen price show strong rejection therefore causing bearish momentum. Right now price is currently on its way to a support level (B). If price breaks this level (B) we can expect EURJPY to continue to drop with more bearish pressure.
Ichimoku Indicator:
-Potential red cloud about to form indicating bearish momentum.
-Red line has crossed above the blue line also indicating bearish momentum.
-The green lagging span line has also broken below the cloud indicating a potential sell.
To confirm the downtrend the support level (B) needs to be broken.
If you find this idea helpful...
Please leave a like as it is much appreciated👍
Follow for more ideas❤
Drop a comment below on what you think of this trade🗨
GOOD LUCK ON YOUR TRADES!😃
