EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000.
Going into this week we’re looking for lower highs to form below 143.000 so we may target lower.
Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000.
Going into this week we’re looking for lower highs to form below 143.000 so we may target lower.
Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
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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.