EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement.
Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short.
Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance.
If we spot structure above we are confidently bullish on this timeframe.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement.
Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short.
Trade scenario 2: If we are to see EJ as bullish again we would need to see quite a bit happen. We would need to first break the descending channel and 145.000 resistance.
If we spot structure above we are confidently bullish on this timeframe.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.