EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we’re bullish on EJ higher timeframes. But we are seeing the 4hour starting to pick up more bearish momentum.
Ideally, to continue with the 4hour trend we need to see a break of our key support level at 132.750. To enter short we first need to see a confirmed lower high below 132.750.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 133.650 with strong bullish setups. Look to enter long and target higher toward key resistance levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we’re bullish on EJ higher timeframes. But we are seeing the 4hour starting to pick up more bearish momentum.
Ideally, to continue with the 4hour trend we need to see a break of our key support level at 132.750. To enter short we first need to see a confirmed lower high below 132.750.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 133.650 with strong bullish setups. Look to enter long and target higher toward key resistance levels.