EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Back to bearish! We had a bullish fakeout last week and then price action fell back below 130.000 and retested. Now we’re looking for the final bearish confirmations before we enter short and target lower.
Trade scenario 2: For us to consider EJ bullish we need to see a break back above 130.000 with a confirmed higher low above!
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Back to bearish! We had a bullish fakeout last week and then price action fell back below 130.000 and retested. Now we’re looking for the final bearish confirmations before we enter short and target lower.
Trade scenario 2: For us to consider EJ bullish we need to see a break back above 130.000 with a confirmed higher low above!