EURJPY 4hour Analysis November 20th, 2022
EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe.
Going into this week we are looking for reactions from our 144.000 zone.
Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it could send us into a massive short opportunity.
Trade scenario 2: The other likely scenario is a bounce off 144.000 sending EJ back into the range. Look to target higher resistance levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe.
Going into this week we are looking for reactions from our 144.000 zone.
Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it could send us into a massive short opportunity.
Trade scenario 2: The other likely scenario is a bounce off 144.000 sending EJ back into the range. Look to target higher resistance levels.
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