USD/JPY is approaching previous swing high and resistance zone.
Bullish closure above the swing high (148.031) could indicate further push up.
Failure to close above swing high (bullish candle tapping into it, but only with the wig) and second bearish candle closing below the previous bullish opens sell opportunity.
SELL IDEA
entry: 147.928
SL: 148.196
TP: 145.970 (around 0.618 Fib retracement)
Potential second TP at 145.378 (0.5 Fib retracement).
PLEASE NOTE THIS IS ONLY AN IDEA
I am not a professional trader, but learning to analyse and looking to share ideas and get feedback.
Bullish closure above the swing high (148.031) could indicate further push up.
Failure to close above swing high (bullish candle tapping into it, but only with the wig) and second bearish candle closing below the previous bullish opens sell opportunity.
SELL IDEA
entry: 147.928
SL: 148.196
TP: 145.970 (around 0.618 Fib retracement)
Potential second TP at 145.378 (0.5 Fib retracement).
PLEASE NOTE THIS IS ONLY AN IDEA
I am not a professional trader, but learning to analyse and looking to share ideas and get feedback.
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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.