EUR/JPY Trade Idea

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

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in a strong downtrend.

Weekly: The weekly timeframe is bearish too.

Daily: We see on the daily timeframe a little bullish trend but there are also enough bearish waves. Therefore, I am not sure about the trend determination.

H4: The price breaks the h4 counter trendline. Therefore the trend is for me bearish.


Have a nice day.