EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Current price action is consolidating just below 129.000 and it looks like it is going to continue lower.
Look for a quick break and retest of this area of consolidation before considering sell opportunities.
Trade scenario 2: If we see a break above 129.000 we need to confirm a higher low before considering buy opportunities.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Current price action is consolidating just below 129.000 and it looks like it is going to continue lower.
Look for a quick break and retest of this area of consolidation before considering sell opportunities.
Trade scenario 2: If we see a break above 129.000 we need to confirm a higher low before considering buy opportunities.