EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support.
From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity.
For a more conservative buy entry wait for a higher low to form above 131.350. Target higher toward key resistance levels if this happens.
Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.000. Look to target lower toward key support levels if this happens.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support.
From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity.
For a more conservative buy entry wait for a higher low to form above 131.350. Target higher toward key resistance levels if this happens.
Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.000. Look to target lower toward key support levels if this happens.
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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.