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EURJPY 4hour Analysis April 3rd, 2022

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

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

Trade scenario 1: EJ is looking newly bearish on the 4hour as we just saw a break of a higher low and price action is currently retesting.

From here we’re looking for strong bearish candles to enter short on.

Trade scenario 2: For us to consider EJ bullish again we ideally want to see a break of 137.000 resistance with a higher low above.
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