EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point.
We have a strong bearish trend with great structure forming so if we see confirmations we’re entering.
Look to enter short if we get a retest and reversal of the recently broken triangle pattern.
Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point.
We have a strong bearish trend with great structure forming so if we see confirmations we’re entering.
Look to enter short if we get a retest and reversal of the recently broken triangle pattern.
Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
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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.