EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ again is somewhat difficult to analyze this week as there is potential for a lot of movement.
We have narrowed down the most likely scenarios here as price action rests at resistance near 130.000. Ideally we’d like to continue with the overall bearish trend as it’s more likely that we will see a strong reversal at the current level.
If we spot a reversal with good bearish setups we will enter short and target toward lower support levels.
Trade scenario 2: If we see a break above 130.000 with a significant higher low we will consider taking long setups into key resistance levels.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ again is somewhat difficult to analyze this week as there is potential for a lot of movement.
We have narrowed down the most likely scenarios here as price action rests at resistance near 130.000. Ideally we’d like to continue with the overall bearish trend as it’s more likely that we will see a strong reversal at the current level.
If we spot a reversal with good bearish setups we will enter short and target toward lower support levels.
Trade scenario 2: If we see a break above 130.000 with a significant higher low we will consider taking long setups into key 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.