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EURJPY 4hour Analysis August 8th, 2021

Short
Euro / Japanese Yen (FX:EURJPY)  
ForexLeague  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forexleague priceaction Technical Analysis EURJPY EUR jpy EJ
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trendanalysis chartpattern indicator forex forexsignals forexleague priceaction technicalanalysis eurjpy eur jpy ej
EURJPY Short Idea

Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish

Trade scenario 1: Back to bearish! We had a bullish fakeout last week and then price action fell back below 130.000 and retested. Now we’re looking for the final bearish confirmations before we enter short and target lower.

Trade scenario 2: For us to consider EJ bullish we need to see a break back above 130.000 with a confirmed higher low above!
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