EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been very bullish but we’re seeing a trend change on the 4hour timeframe. From where price is currently it’s looking more likely that price action will continue to fall.
To enter short on EJ we need to see a confirmed lower high below our 133.350. Target lower toward major support.
Trade scenario 2: For us to consider long opportunities on EJ we need to see a higher low back above 133.350. If this happens we will look to target higher toward our -27% fib level.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been very bullish but we’re seeing a trend change on the 4hour timeframe. From where price is currently it’s looking more likely that price action will continue to fall.
To enter short on EJ we need to see a confirmed lower high below our 133.350. Target lower toward major support.
Trade scenario 2: For us to consider long opportunities on EJ we need to see a higher low back above 133.350. If this happens we will look to target higher toward our -27% fib level.
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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.