USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Finally! We’re looking bearish here on the 4hour as we broke the range and are now forming a descending triangle pattern.
Look for a break and retest of the pattern with a confirmed lower high. We can then enter short and target lower toward 111.500.
Trade scenario 2: For us to consider UJ bullish we first need to see it break back into the range then bullishly break the range and form a higher low above.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Finally! We’re looking bearish here on the 4hour as we broke the range and are now forming a descending triangle pattern.
Look for a break and retest of the pattern with a confirmed lower high. We can then enter short and target lower toward 111.500.
Trade scenario 2: For us to consider UJ bullish we first need to see it break back into the range then bullishly break the range and form a 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.