EURJPY 4hour Analysis January 1st, 2023
EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support.
The most likely scenario is price action forming a lower high below 140.750 which we can enter short on.
Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support.
The most likely scenario is price action forming a lower high below 140.750 which we can enter short on.
Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a higher low above.
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