USDJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
1Hour Trend: Bearish
Overall we are clearly bearish and will look for bearish opportunities specifically until we see a significant amount of bullish momentum
Trade scenario 1: Looking to continue with the overall bearish outlook. Ideally we want to see a lower high below 104.500 and the 4hour timeframe moving averages. Enter short on strong bearish setups and target lower toward significant support levels.
Trade scenario 2: If we are to consider going long we need to see a break of our 1hour resistance level at least. Look for a higher low above 104.650 with strong bullish setups and you can take a buy into our 4hour resistance level at 105.150
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
1Hour Trend: Bearish
Overall we are clearly bearish and will look for bearish opportunities specifically until we see a significant amount of bullish momentum
Trade scenario 1: Looking to continue with the overall bearish outlook. Ideally we want to see a lower high below 104.500 and the 4hour timeframe moving averages. Enter short on strong bearish setups and target lower toward significant support levels.
Trade scenario 2: If we are to consider going long we need to see a break of our 1hour resistance level at least. Look for a higher low above 104.650 with strong bullish setups and you can take a buy into our 4hour resistance level at 105.150
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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.
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.