USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are extremely over extended here on UJ. For us to enter long we need to see a pullback with a structure forming higher low.
Keep in mind that UJ is still overall bullish as long as we’re above 114.150.
Trade scenario 2: No short opportunities are available yet. We would need to see a massive amount of bearish pressure breaking through support levels as low as 114.150 first.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are extremely over extended here on UJ. For us to enter long we need to see a pullback with a structure forming higher low.
Keep in mind that UJ is still overall bullish as long as we’re above 114.150.
Trade scenario 2: No short opportunities are available yet. We would need to see a massive amount of bearish pressure breaking through support levels as low as 114.150 first.
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.