USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we have seen UJ be extremely bullish the last few months but now we’re seeing some 4hour bearishness with a ton of consolidation.
Ideally this descending triangle pattern holds and price action continues bearish again. Look for clear bearish conviction to enter short.
Trade scenario 2: For us to consider UJ bullish again we would first need to break some lower highs and start heading toward 150.000 resistance again.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we have seen UJ be extremely bullish the last few months but now we’re seeing some 4hour bearishness with a ton of consolidation.
Ideally this descending triangle pattern holds and price action continues bearish again. Look for clear bearish conviction to enter short.
Trade scenario 2: For us to consider UJ bullish again we would first need to break some lower highs and start heading toward 150.000 resistance again.
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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.