EUR/JPY Trade Idea

Hello and welcome to my Trade Idea of the currency pair EUR/JPY .

Let's start with the Top Down Analysis.


Weekly: The weekly timeframe is bearish with a huge bearish candle who has closed under the weekly support.


Daily: We see on the daily timeframe big bearish candles to sum up, the trend is bearish.


H4: The downtrend is clear to see with a little pullback to the upside.


H1: On the H1 timeframe we draw our counter trendline and have enough confirmations for a downtrend.


Have a nice day.
Chart PatternscountertrendlineEURJPYForexTechnical IndicatorsshortswingtradeTrend Analysis

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