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.
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.