Price Action Analysis - EUR/JPY Weekly Chart- Result: Bearish
Hi Traders,
The current trend seems slowly forming head and shoulders pattern. Will it play out? Yes, it will if the price is break below $155 zone.
The price is respecting the major trendline since 2012 which was the first touched, followed by second touched in 2020. Will the third touch happen? who knows. If it destined to touch the third time, maybe around $135 - $140 Zone.
Let's open discussion and hear your voice.
Thanks,
Red Panda Trader
The current trend seems slowly forming head and shoulders pattern. Will it play out? Yes, it will if the price is break below $155 zone.
The price is respecting the major trendline since 2012 which was the first touched, followed by second touched in 2020. Will the third touch happen? who knows. If it destined to touch the third time, maybe around $135 - $140 Zone.
Let's open discussion and hear your voice.
Thanks,
Red Panda Trader
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