EURJPY 4hour Analysis January 24th, 2021
EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs.
Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs.
Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
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