ANALYSIS 🔎
- EURJPY brokedown below the ascending channel support and the rising flag pattern simultaneously.
- Price retraced and is currently testing the key fibonacci retracement levels and the rising flag support and the ascending channel support.
- There's a possibility of the downtrend continuation.
TARGETS 🎯
- Previous swing low.
- Fibonacci extension level (1).
SETUP INVALIDATION ❌
- Breakout above retracement level (1).
- EURJPY brokedown below the ascending channel support and the rising flag pattern simultaneously.
- Price retraced and is currently testing the key fibonacci retracement levels and the rising flag support and the ascending channel support.
- There's a possibility of the downtrend continuation.
TARGETS 🎯
- Previous swing low.
- Fibonacci extension level (1).
SETUP INVALIDATION ❌
- Breakout above retracement level (1).