EURJPY 4hour Analysis March 21st, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Still overall very bullish but price action is currently pulling back with strong bearish volume. We are looking for strong reversals from key levels like 128.850 & our 61.8% fib level. Look to enter long on strong bullish confirmations and higher lows and target higher toward prior highs and negative fib levels.
Trade scenario 2: For us to consider EJ bearish we need to see a lower high below 128.850 with strong bearish setups. Enter short and target lower toward key levels of support.
