EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1:We are still overall very bullish but we are currently forming a head and shoulders pattern near 144.000 resistance.
Going into this week we need to wait and see if the head and shoulders will complete or if price action will remain bullish.
Look for a break of 142.000 with a lower high below to enter short.
Trade scenario 2: If price action breaks above 144.000 look for a higher low above to consider long scenarios.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1:We are still overall very bullish but we are currently forming a head and shoulders pattern near 144.000 resistance.
Going into this week we need to wait and see if the head and shoulders will complete or if price action will remain bullish.
Look for a break of 142.000 with a lower high below to enter short.
Trade scenario 2: If price action breaks above 144.000 look for a higher low above to consider long scenarios.
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.