Ascending Channel

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Another possible retracement on the EURJPY, we touched the Lower Boundary of an Ascending Channel. In case there is a confirmed rejection we can take a long position.
Breakout of the channel's support will lead to downward movement and our scenario will be invalid in this case.

Good luck to you.

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This idea does not provide the financial advice.
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Chart PatternsHarmonic PatternsTrend Analysis

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