EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: We are looking more bullish lately but we can see price action is at major resistance around 140.000, a daily zone.
From here we’re looking for a break above 140.000 with a higher low above.
Trade scenario 2: For us to consider EJ bearish again on the 4hour timeframe we would need to see a sharp reversal and push below 139.000
Look for lower highs on the way down toward 137.000 if this happens.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: We are looking more bullish lately but we can see price action is at major resistance around 140.000, a daily zone.
From here we’re looking for a break above 140.000 with a higher low above.
Trade scenario 2: For us to consider EJ bearish again on the 4hour timeframe we would need to see a sharp reversal and push below 139.000
Look for lower highs on the way down toward 137.000 if this happens.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.