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EURJPY 4hour Analysis September 5th, 2021

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

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

Trade scenario 1: The 4hour is clearly bullish while the daily is pending confirmation! We are a bit overextend but all we need to enter is a higher low above 130.000 for structure confirmation.

Trade scenario 2: For us to consider EJ bearish we would first need a break back below 130.000 with a lower high below.
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