USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are no doubt bullish on UJ and in fact overextended on the higher timeframes.
Going into this week I will not accept any scenario unless we get structure first.
Ideally, price action pullsback to 127.700 & our 38.2% fib level and forms structure. From here we will look to enter long on a strong reversal + bullish setups.
Trade scenario 2: If we are to consider UJ for short opportunities we need to see a lower high below 127.700.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are no doubt bullish on UJ and in fact overextended on the higher timeframes.
Going into this week I will not accept any scenario unless we get structure first.
Ideally, price action pullsback to 127.700 & our 38.2% fib level and forms structure. From here we will look to enter long on a strong reversal + bullish setups.
Trade scenario 2: If we are to consider UJ for short opportunities we need to see a lower high below 127.700.
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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.