EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish overall here on EJ as well but we are bouncing a bit between 135.500 and 134.500.
The most likely scenario is price action falling to 134.500 before we see any further reactions. Look for structure below 134.500 to continue shorting.
Trade scenario 2: For us to consider EJ bullish we need a higher low above 135.500 with strong bullish setups to enter long on.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish overall here on EJ as well but we are bouncing a bit between 135.500 and 134.500.
The most likely scenario is price action falling to 134.500 before we see any further reactions. Look for structure below 134.500 to continue shorting.
Trade scenario 2: For us to consider EJ bullish we need a higher low above 135.500 with strong bullish setups to enter long on.