Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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EUR/JPY multiple rejections, what's next!
As we clearly see price is trading inside this falling broadening wedge pattern
In addition, price managed to reject our support zone and traded higher, moreover as we mentioned price in overall bearish
So, as the price approaches the upper falling trendline, lining up with a massive supply zone, as we mentioned previously in the attached analysis.
Which makes the area more interesting as well, we will be searching for new shorts as the price approaches this critical zone.
For now, as the price approaches this area, we will be zooming in into lower time frame and we will be looking for new bearish reversal Like:
Trendline break double top pattern and so on.
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and as usual follow your trading plan and manage your risk.
Be patient and good luck!