EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel.
This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper trendline. Look to enter short after this 4hour bullish trend is broken and we can clearly see a lower high.
Trade scenario 2: For us to consider EJ bullish we would need to break above resistance around 130.000. Look to enter long on a confirmed higher low.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel.
This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper trendline. Look to enter short after this 4hour bullish trend is broken and we can clearly see a lower high.
Trade scenario 2: For us to consider EJ bullish we would need to break above resistance around 130.000. Look to enter long on a confirmed higher low.
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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.