EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish as long as we are holding above 144.000.
This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower.
If we are to turn bearish, look for a confirmed lower high below 144.000.
Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation.
Look for 1hour higher lows + convincing bullish variations to enter long.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish as long as we are holding above 144.000.
This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower.
If we are to turn bearish, look for a confirmed lower high below 144.000.
Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation.
Look for 1hour higher lows + convincing bullish variations to enter long.
