EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on.
Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on.
Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
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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.