EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support.
The most likely scenario is price action forming a lower high below 140.750 which we can enter short on.
Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support.
The most likely scenario is price action forming a lower high below 140.750 which we can enter short on.
Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a 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.