EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish here on EJ and it does not look like it’s stopping. The most likely scenario is that price action will drop to support around 128.000 before we see any sort of reaction.
Look for lower highs below 128.900 for a potential entry.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 128.900 with a confirmed higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish here on EJ and it does not look like it’s stopping. The most likely scenario is that price action will drop to support around 128.000 before we see any sort of reaction.
Look for lower highs below 128.900 for a potential entry.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 128.900 with a confirmed higher low above.