EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall we’re still pretty bearish although we did have a large 4hour rally that could change the trend if price action gets above 130.000
Ideally we see a reversal and continuation of the bearish higher timeframes. Look to enter short on a strong reversal from 130.000 resistance.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 130.000.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall we’re still pretty bearish although we did have a large 4hour rally that could change the trend if price action gets above 130.000
Ideally we see a reversal and continuation of the bearish higher timeframes. Look to enter short on a strong reversal from 130.000 resistance.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 130.000.