EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action continues bearish. Look to enter on a break and retest of 122.200. Enter short on a confirmed lower high and target lower toward our 121.000 support level.
Trade scenario 2: Price action turns bullish. Look for a higher low to form above 123.000 before entering long. Look to target higher toward key resistance around 124.700
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action continues bearish. Look to enter on a break and retest of 122.200. Enter short on a confirmed lower high and target lower toward our 121.000 support level.
Trade scenario 2: Price action turns bullish. Look for a higher low to form above 123.000 before entering long. Look to target higher toward key resistance around 124.700