Description
⋅ EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re now looking bearish on all major timeframes and could see price action continue to drop.
The most likely scenario is that we see price action retest 130.000 resistance and form a lower high for us to enter short on.
Trade scenario 2: For us to consider EJ bullish we would first need to see a higher low above 130.000.