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Bullandbeartrading

EUR/JPY Trade Idea

Short
Euro / Japanese Yen (FX:EURJPY)  
Bullandbeartrading  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY short Forex swingtrade countertrendline
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trendanalysis chartpattern indicator eurjpy short forex swingtrade countertrendline
Hello and welcome to my Trade Idea of the currency pair EUR/JPY.

Lets start with the Top Down Analysis.


Monthly: Monthly is in a strong downtrend.

Weekly: The weekly timeframe is in a downtrend too.

Daily: We recognize on the daily timeframe a pullback to the upside.

H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.


Have a nice day.
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