EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We have recently seen a huge amount of volume here on EJ and are looking bearish on the 4hour timeframe. The higher timeframes are looking bullish so we need to see some more confirmations before we can enter on a trade.
Look for price action to follow through with bullish rejection off 130.000 support. Ideally, a higher low above 131.450 would be perfect.
Trade scenario 2: The other likely scenario is that price action will find rejection near 131.450 and head lower toward 130.000 support once again.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We have recently seen a huge amount of volume here on EJ and are looking bearish on the 4hour timeframe. The higher timeframes are looking bullish so we need to see some more confirmations before we can enter on a trade.
Look for price action to follow through with bullish rejection off 130.000 support. Ideally, a higher low above 131.450 would be perfect.
Trade scenario 2: The other likely scenario is that price action will find rejection near 131.450 and head lower toward 130.000 support once again.