EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone.
If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone.
If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
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.
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.