EURJPY 4hour Analysis April 3rd, 2022
EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ is looking newly bearish on the 4hour as we just saw a break of a higher low and price action is currently retesting.
From here we’re looking for strong bearish candles to enter short on.
Trade scenario 2: For us to consider EJ bullish again we ideally want to see a break of 137.000 resistance with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ is looking newly bearish on the 4hour as we just saw a break of a higher low and price action is currently retesting.
From here we’re looking for strong bearish candles to enter short on.
Trade scenario 2: For us to consider EJ bullish again we ideally want to see a break of 137.000 resistance with a higher low above.
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