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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.