USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We’re starting to see things a bit more clearly on UJ. We are still very bullish and are due for a pullback.
Keep in mind, on the higher timeframes we’re overextended but the 4hour timeframe is looking clear for now.
The most likely scenario at the moment is that price action continues to be bullish and we see 4hour structure form near 127.700 in the form of a higher low.
Trade scenario 2: For us to start considering short opportunities we need to see a lower high below 127.700 with strong bearish setups to enter on.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We’re starting to see things a bit more clearly on UJ. We are still very bullish and are due for a pullback.
Keep in mind, on the higher timeframes we’re overextended but the 4hour timeframe is looking clear for now.
The most likely scenario at the moment is that price action continues to be bullish and we see 4hour structure form near 127.700 in the form of a higher low.
Trade scenario 2: For us to start considering short opportunities we need to see a lower high below 127.700 with strong bearish setups to enter on.
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.
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.