EURJPY Short Idea
Trend: Bearish
Trade scenario 1: We recently broke a major support level at 124.300. From here we are looking to enter short on strong bearish confirmations. Look to target lower toward our negative fib levels.
Trade scenario 2: Price action reverses and breaks back through 124.300. Look to enter on a confirmed higher low. Target higher toward key resistance levels.
Trend: Bearish
Trade scenario 1: We recently broke a major support level at 124.300. From here we are looking to enter short on strong bearish confirmations. Look to target lower toward our negative fib levels.
Trade scenario 2: Price action reverses and breaks back through 124.300. Look to enter on a confirmed higher low. Target higher toward key resistance levels.