EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall we’re still pretty bearish although we did have a large 4hour rally that could change the trend if price action gets above 130.000
Ideally we see a reversal and continuation of the bearish higher timeframes. Look to enter short on a strong reversal from 130.000 resistance.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 130.000.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall we’re still pretty bearish although we did have a large 4hour rally that could change the trend if price action gets above 130.000
Ideally we see a reversal and continuation of the bearish higher timeframes. Look to enter short on a strong reversal from 130.000 resistance.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 130.000.
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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.