Hello and welcome to my Trade Idea of the currency pair EUR/JPY.
Let's start with the Top Down Analysis.
Monthly: We recognize on the monthly timeframe a strong downtrend with normal pullbacks.
Weekly: The weekly timeframe is bearish too and now we see a push to the upside with 4 green candles in a row. That can be a opportunity for a sell.
Daily: The daily candle closed under the trendline, that`s a good confirmation.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: We recognize on the monthly timeframe a strong downtrend with normal pullbacks.
Weekly: The weekly timeframe is bearish too and now we see a push to the upside with 4 green candles in a row. That can be a opportunity for a sell.
Daily: The daily candle closed under the trendline, that`s a good confirmation.
Have a nice day.