USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ has been bearish on the 4hour lately but we are currently resting at 127.750 support.
We are also consolidating quite a bit so we are going to wait for a clear break before entering in any trades.
Ideally we continue bearish and can spot a lower high below 127.750 to enter short on.
Trade scenario 2: For us to consider UJ bullish we need to see a bullish break of the range with structure above.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ has been bearish on the 4hour lately but we are currently resting at 127.750 support.
We are also consolidating quite a bit so we are going to wait for a clear break before entering in any trades.
Ideally we continue bearish and can spot a lower high below 127.750 to enter short on.
Trade scenario 2: For us to consider UJ bullish we need to see a bullish break of the range with structure 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.