EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We have been pretty bearish on EJ lately but price action seems to be struggling near our 137.000 zone at the moment.
From here we’re looking for reactions to determine what to do next. Ideally, price action reverses from 137.000 and starts heading lower with significant lower highs.
Trade scenario 2: For us to consider EJ bullish we would need to see a break above 137.000 with structure forming higher lows above. If price action pushes through it will also confirm an inverse head and shoulders pattern.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We have been pretty bearish on EJ lately but price action seems to be struggling near our 137.000 zone at the moment.
From here we’re looking for reactions to determine what to do next. Ideally, price action reverses from 137.000 and starts heading lower with significant lower highs.
Trade scenario 2: For us to consider EJ bullish we would need to see a break above 137.000 with structure forming higher lows above. If price action pushes through it will also confirm an inverse head and shoulders pattern.