EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000.
Going into this week we’re looking for lower highs to form below 143.000 so we may target lower.
Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000.
Going into this week we’re looking for lower highs to form below 143.000 so we may target lower.
Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.