EURJPY May start falling soon on hourly timeframe
As we can see in the chart a Rising Wedge have formed along a bearish divergence on the RSI which indicated the decreasing Volume and Price is already on the premium area which shall be corrected on the hourly timeframe soon.
If this wedge breaks downwards then we can expect the price to test the Daily Trendline for a Higher Low.
If this happens then we can take sell side and can ride it until the Day trendline marked.
If this wedge breaks downwards then we can expect the price to test the Daily Trendline for a Higher Low.
If this happens then we can take sell side and can ride it until the Day trendline marked.
Note
ENTRY: 159.576SL: 161.449
TP1: 157.704
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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.