EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ recently turmed bearish last week as we saw price action plummet. We rejected support at 130.000 and price action is pulling back.
Now we’re looking for structure formation and a test of resistance at 132.000 with a confirmed lower high, We’ll be looking for shorts in this area as bearish setups form. Look to target lower back to 130.000
Trade scenario 2: For us consider EJ bullish we need to see a break back above 132.000 first. We will be hesitant when looking for long opportunities as there are a lot of resistance levels that price action will have to break through and confirm.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ recently turmed bearish last week as we saw price action plummet. We rejected support at 130.000 and price action is pulling back.
Now we’re looking for structure formation and a test of resistance at 132.000 with a confirmed lower high, We’ll be looking for shorts in this area as bearish setups form. Look to target lower back to 130.000
Trade scenario 2: For us consider EJ bullish we need to see a break back above 132.000 first. We will be hesitant when looking for long opportunities as there are a lot of resistance levels that price action will have to break through and confirm.