DeGRAM | EURJPY growth in the channel
EURJPY is in a descending channel between trend lines.
The price is moving from the lower boundary of the channel and support level, and the 38.2% retracement level is the nearest obstacle to growth.
The chart retains a descending structure, but it has already formed a harmonic pattern.
On the 4H Timeframe, the indicators are pointing to a bullish convergence.
We expect growth in the channel after consolidation above the 38.2% retracement level.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
The price is moving from the lower boundary of the channel and support level, and the 38.2% retracement level is the nearest obstacle to growth.
The chart retains a descending structure, but it has already formed a harmonic pattern.
On the 4H Timeframe, the indicators are pointing to a bullish convergence.
We expect growth in the channel after consolidation above the 38.2% retracement level.
-------------------
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.