USDJPY Short Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish but we have a large volume pattern so we’re ideally looking for the pattern to continue forming with price action falling to a new low.
We’re looking for price action confirmation after this current lower timeframe support level is broken. Look to target lower toward 109.150.
Trade scenario 2: For us to consider UJ bullish we need a strong higher low above 110.000.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish but we have a large volume pattern so we’re ideally looking for the pattern to continue forming with price action falling to a new low.
We’re looking for price action confirmation after this current lower timeframe support level is broken. Look to target lower toward 109.150.
Trade scenario 2: For us to consider UJ bullish we need a strong higher low above 110.000.
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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.