USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately.
The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area.
To play this safely we’re looking for higher lows above 114.150
Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately.
The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area.
To play this safely we’re looking for higher lows above 114.150
Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.
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.
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.