EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000.
Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens.
Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000.
Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens.
Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.