EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish as long as we are holding above 144.000.
This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower.
If we are to turn bearish, look for a confirmed lower high below 144.000.
Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation.
Look for 1hour higher lows + convincing bullish variations to enter long.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish as long as we are holding above 144.000.
This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower.
If we are to turn bearish, look for a confirmed lower high below 144.000.
Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation.
Look for 1hour higher lows + convincing bullish variations to enter long.
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.
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.