USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ is overall bullish but we have seen a fairly strong 4hour bearish trend come into play here. Currently we are at key support near 110.000 and we’re looking for reversals.
Ideally we can spot a higher low above 110.000 with strong bullish setups & confirmation. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider UJ bearish we need to see a lower high below support at 110.000
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ is overall bullish but we have seen a fairly strong 4hour bearish trend come into play here. Currently we are at key support near 110.000 and we’re looking for reversals.
Ideally we can spot a higher low above 110.000 with strong bullish setups & confirmation. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider UJ bearish we need to see a lower high below support at 110.000
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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.