USDJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower.
Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150
Trade scenario 2: For us to consider UJ bullish we first need to see a large rally through 110.000. Because of the prior consolidation I would need to see a higher low closer to 110.250 before entering long.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower.
Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150
Trade scenario 2: For us to consider UJ bullish we first need to see a large rally through 110.000. Because of the prior consolidation I would need to see a higher low closer to 110.250 before entering long.
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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.