EURJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point.
We have a strong bearish trend with great structure forming so if we see confirmations we’re entering.
Look to enter short if we get a retest and reversal of the recently broken triangle pattern .
Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point.
We have a strong bearish trend with great structure forming so if we see confirmations we’re entering.
Look to enter short if we get a retest and reversal of the recently broken triangle pattern .
Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
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