EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone.
If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone.
If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.