Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EUR/JPY What's next!?
As we can see price is still overall bullish from a long-term perspective trading inside this channel
However, price is sitting around the upper bound of this channel, acting as an over extended market.
Meanwhile, we will be looking for new bearish correction movements.
And as we can see price is still overall bullish from a shorter-term perspective, and for the bears to kick in we need a break below the marked last swing low standing.
Then a movement lower would be expected
And as usual, (1-2) Risk to Reward Ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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