EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation.
We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward 133.000 support.
Trade scenario 2: For us to consider EJ more bullish we would need to see higher lows above 137.000 first.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation.
We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward 133.000 support.
Trade scenario 2: For us to consider EJ more bullish we would need to see higher lows above 137.000 first.