EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are extremely bullish on EJ once again and we do have daily structure that formed near 134.300. This could be the rally to new highs & our -27% fib level.
This is a big if, so to be safe want to exclusively enter long scenarios on 4hour structure forming higher lows.
Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 137.000 with lower highs below.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are extremely bullish on EJ once again and we do have daily structure that formed near 134.300. This could be the rally to new highs & our -27% fib level.
This is a big if, so to be safe want to exclusively enter long scenarios on 4hour structure forming higher lows.
Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 137.000 with lower highs below.