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EURJPY 4hour Analysis September 12th, 2021

Short
FX:EURJPY   Euro / Japanese Yen
EURJPY Bearish Idea

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

Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000.

We can find some lower timeframe entries now or in the next few hours if price action pullsback again.

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

We’ll look to enter long after we see bullish confirmations following the higher low.

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