EURJPY: Trend Reversal Signals
The market is forming a double top, which belongs to a trend reversal group of patterns. If the price stays below 124.000 resistance, we should expect a new downward movement toward SMA50. It will give us possible selling opportunities in different timeframes. Also, there is a bearish divergence, which is another trend reversal signal.
The market should be added to a watchlist as we will be able to get interesting trade opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The market should be added to a watchlist as we will be able to get interesting trade opportunities.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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