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EURJPY: DESCENDING CHANNEL TREND WITH A PROFITABLE TWIST-BEARISH

 

In spite of the channel pattern execution, the candles are ready to have a big fall. The market is willing to reach the three weeks old low point, an impulse from the 126.261 gave a stable rose for the price range. On a daily basis, a reversal from the 130.874 put the price range in a channel correction. As for now, the market printing the signals at 129.224 in a downtrend.

 

Due to the uninterrupted impulse formation in the channel trend may tend a back to back throwback and pullback action. In this case, the market could fetch the quotes 125.002.

 

On the contrary, after the throwback action if the market continues sentiments with the bull means, end the trade at 130.952.

 

SIGNAL SPECIFICATIONS

 

Entry: 129.224

 

Tp: 125.002

 

Sl: 130.952

 

Risk Vs Reward: 1.55

 

Have a close look at the chart and decide your trade.

 

Happy trading.

 

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12 Sep 2018 11:00 am Posted by tamilforex

 
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