USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Nothing on this pair suggests bearish movement although we are due for some. We can clearly see how over extended UJ and we know we need to see structure before we can enter a trade.
Ideally we see structure form close to 120.000 support with a confirmed higher low. Look to target higher toward key resistance levels if this happens.
Trade scenario 2: For us to consider UJ bearish we would need to see a break of 120.000 support with a lower high below.
Look to enter short on lower highs only.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Nothing on this pair suggests bearish movement although we are due for some. We can clearly see how over extended UJ and we know we need to see structure before we can enter a trade.
Ideally we see structure form close to 120.000 support with a confirmed higher low. Look to target higher toward key resistance levels if this happens.
Trade scenario 2: For us to consider UJ bearish we would need to see a break of 120.000 support with a lower high below.
Look to enter short on lower highs only.
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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.