EURJPY: breaking the trend and forming a new channel

24 mar 2021

At the end of last week, the price stopped at the 130.64 trend line. Then it fell to the lower trend line 129.91. It was able to break it and continued to fall, thereby forming a new small downtrend. Within the trend, the price has already worked out the correction, but this did not stop the fall. And now we can expect that the price will first come to the trend line 128.05, and then turn around in another correction and rise to 128.69.
SL - 127.76.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.