USDJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: All significant timeframes on UJ are now bearish after a break of 108.400 and now we’re going to favor a continuation at the current level of price action. Ideally, we get a retest of 108.400 with a strong reversal confirming a lower high. Look to enter short on strong bearish setups and target lower toward key support near 107.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 108.400 with a higher low to confirm. Enter long on bullish setups/confirmation and target higher toward resistance.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: All significant timeframes on UJ are now bearish after a break of 108.400 and now we’re going to favor a continuation at the current level of price action. Ideally, we get a retest of 108.400 with a strong reversal confirming a lower high. Look to enter short on strong bearish setups and target lower toward key support near 107.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 108.400 with a higher low to confirm. Enter long on bullish setups/confirmation and target higher toward resistance.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.