EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall EJ is bullish on the higher timeframes but we can clearly see price action is in a 4hour range at the moment.
Currently there is no trend on the 4hour so we will have to wait for one.
Ideally, we see price action break resistance around 135.500 with a higher low above.
Look to target higher toward 137.000 resistance if this happens.
Trade scenario 2: For us to consider EJ shorts we need to see a bearish break of 134.550 support with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall EJ is bullish on the higher timeframes but we can clearly see price action is in a 4hour range at the moment.
Currently there is no trend on the 4hour so we will have to wait for one.
Ideally, we see price action break resistance around 135.500 with a higher low above.
Look to target higher toward 137.000 resistance if this happens.
Trade scenario 2: For us to consider EJ shorts we need to see a bearish break of 134.550 support with a lower high below.