EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We’re looking bearish on the 4hour! Good news to use as EJ is due for a pullback on the higher timeframes.
Ideally, price action continues with 4hour bearish volume and forms a lower high below 137.000 that we can enter on.
Look to target lower toward 135.500 support.
Trade scenario 2: If we are to consider EJ bullish again we would need to see a higher low above 137.000.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We’re looking bearish on the 4hour! Good news to use as EJ is due for a pullback on the higher timeframes.
Ideally, price action continues with 4hour bearish volume and forms a lower high below 137.000 that we can enter on.
Look to target lower toward 135.500 support.
Trade scenario 2: If we are to consider EJ bullish again we would need to see a higher low above 137.000.
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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.