EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on.
Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on.
Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.