Euro / Japanese YenShort
EURJPY 4hour Analysis September 19th, 2021
EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re definitely looking bearish here on EJ and we’re looking to continue with that trend into this week.
At the current level we’re waiting for price action to break and retest our 128.900 level so we can enter short on a lower high.
Trade scenario 2: For us to consider EJ bullish we first need to see a strong reversal here at 128.900 and ultimately a break above 130.000.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re definitely looking bearish here on EJ and we’re looking to continue with that trend into this week.
At the current level we’re waiting for price action to break and retest our 128.900 level so we can enter short on a lower high.
Trade scenario 2: For us to consider EJ bullish we first need to see a strong reversal here at 128.900 and ultimately a break above 130.000.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.