EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still.
With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next.
Ideally, if we continue bearish we want to see a lower high below 144.000 support with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is price action rallying from 144.000 support up to higher resistance zones.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still.
With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next.
Ideally, if we continue bearish we want to see a lower high below 144.000 support with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is price action rallying from 144.000 support up to higher resistance zones.