EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Ranging
Trade scenario 1: We’re seeing a bit of ranging on the 4hour timeframe but overall we’re still mainly bearish on the higher timefrrames.
From here we’re looking for strong reversals near 128.850 with bearish setups to follow. Look to target lower toward 127.500 support.
Also look for lower highs below 127.500 for entries.
Trade scenario 2: For us to consider EJ we need to see a higher low above 128.850.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Ranging
Trade scenario 1: We’re seeing a bit of ranging on the 4hour timeframe but overall we’re still mainly bearish on the higher timefrrames.
From here we’re looking for strong reversals near 128.850 with bearish setups to follow. Look to target lower toward 127.500 support.
Also look for lower highs below 127.500 for entries.
Trade scenario 2: For us to consider EJ we need to see a higher low above 128.850.
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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.