Hello and welcome to my Trade Idea of the currency pair USD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is ranging. But in the last few months, some huge bearish candles have been recorded.
Weekly: On the weekly timeframe we see a bearish momentum.
Daily: Daily is bearish too but we can see a small pullback after the long downtrend.
H4: On the H4 timeframe we draw our counter trendline, and expect that the price forms new lows.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: Monthly is ranging. But in the last few months, some huge bearish candles have been recorded.
Weekly: On the weekly timeframe we see a bearish momentum.
Daily: Daily is bearish too but we can see a small pullback after the long downtrend.
H4: On the H4 timeframe we draw our counter trendline, and expect that the price forms new lows.
Have a nice day.
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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.