EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Consolidating
Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance.
How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure above.
Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern.
Look to enter short on lower highs and target toward 135.500
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Consolidating
Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance.
How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure above.
Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern.
Look to enter short on lower highs and target toward 135.500
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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.