EURJPY on 4 Hour time frame ideas
Hello everyone!
Here's my analysis for EURJPY on the 4-Hour timeframe:
The recent price action has broken below the ascending trendline and the existing structure. This suggests a potential shift in market direction.
Currently, the price is undergoing a bearish correction. I will be closely monitoring the 1-Hour timeframe for a potential breakout signal before considering a short position.
Let's see how it goes and comment what do you think about the analysis.
Here's my analysis for EURJPY on the 4-Hour timeframe:
The recent price action has broken below the ascending trendline and the existing structure. This suggests a potential shift in market direction.
Currently, the price is undergoing a bearish correction. I will be closely monitoring the 1-Hour timeframe for a potential breakout signal before considering a short position.
Let's see how it goes and comment what do you think about the analysis.
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