EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement.
Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short.
Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance.
If we spot structure above we are confidently bullish on this timeframe.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement.
Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short.
Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance.
If we spot structure above we are confidently bullish on this timeframe.
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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.