Hello and welcome to my Trade Idea of the currency pair EUR/JPY.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a strong bearish momentum with nearly no pullbacks.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we draw the strong trendline.
H4: Here we draw the channel and the price has broken out. As well the price is under the very strong resistance area.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a strong bearish momentum with nearly no pullbacks.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we draw the strong trendline.
H4: Here we draw the channel and the price has broken out. As well the price is under the very strong resistance area.
Have a nice day.
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.