Euro / Japanese YenShort
EURJPY 4hour Analysis January 17th, 2021
EURJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall this pair has been very bullish over the last few months but we recently saw a major transition caused by immense bearish volume. We saw a major break of support at 126.000. Now we’re looking for structure, we want to see a pullback to test the broken zone and confirm a lower high. Look to enter short on a reversal from 126.000
Trade scenario 2: For us to consider long opportunities we need to see a major rally and break of 126.500 with a higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Overall this pair has been very bullish over the last few months but we recently saw a major transition caused by immense bearish volume. We saw a major break of support at 126.000. Now we’re looking for structure, we want to see a pullback to test the broken zone and confirm a lower high. Look to enter short on a reversal from 126.000
Trade scenario 2: For us to consider long opportunities we need to see a major rally and break of 126.500 with a higher low above.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.