USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here overall but we have recently been consolidating and forming a pattern.
From here we’re looking for this recent break to follow through for confirmation. Once this happens we can enter short and target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish we ideally need to break above 110.000/ 110.300 area with a confirmed higher low above.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here overall but we have recently been consolidating and forming a pattern.
From here we’re looking for this recent break to follow through for confirmation. Once this happens we can enter short and target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish we ideally need to break above 110.000/ 110.300 area with a confirmed higher low above.
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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.