EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Look to enter short after price action breaks our 4hour support at 123.000. Ideally a strong break and retest would be enough to enter. Target lower toward key support around 122.250.
Trade scenario 2: If price action goes bullish look to enter only on higher low opportunities after a key level of resistance was broken. Target higher toward our daily level around 124.700.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Look to enter short after price action breaks our 4hour support at 123.000. Ideally a strong break and retest would be enough to enter. Target lower toward key support around 122.250.
Trade scenario 2: If price action goes bullish look to enter only on higher low opportunities after a key level of resistance was broken. Target higher toward our daily level around 124.700.