USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish and the trend looks like it will continue this way. We do have to keep in mind that our most key level is near 111.500.
This means that we’re looking for buys once price action starts to form higher lows above and that we will look for shorts if we can spot a reversal with lower highs below 111.500.
Trade scenario 2: For us to consider short opportunities we would need a clear reversal with plenty of confirmation. If this happens we will look to target lower toward major support levels.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish and the trend looks like it will continue this way. We do have to keep in mind that our most key level is near 111.500.
This means that we’re looking for buys once price action starts to form higher lows above and that we will look for shorts if we can spot a reversal with lower highs below 111.500.
Trade scenario 2: For us to consider short opportunities we would need a clear reversal with plenty of confirmation. If this happens we will look to target lower toward major support levels.
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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.