EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations.
Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups confirming the lower high.
Look to target lower toward major support levels.
Trade scenario 2: For us to consider EJ bullish again we would need to see a break above 140.000 with a significant higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations.
Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups confirming the lower high.
Look to target lower toward major support levels.
Trade scenario 2: For us to consider EJ bullish again we would need to see a break above 140.000 with a significant higher low above.
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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.