USDJPY trade idea for the coming week.
Expecting USD to rise early on in the market because of the presential inauguration and Trump implementing his new policies before we see a correction in the market.
My thoughts are entering a buy at 156.400 up to my sell level at 157.395 and then sell it down to the golden zone on the 4-hour chart which is 154.973.
Ill update this as the week progresses.
Trade is based on the higher time frame support and resistance and trend lines.
As I was charting this it just jumped out at me seems a pretty easy chart but only time will tell.
In the coming week just be careful market will be volatile and expect big movements in the USD at least initially until it settles down towards the end of the week.
Expecting USD to rise early on in the market because of the presential inauguration and Trump implementing his new policies before we see a correction in the market.
My thoughts are entering a buy at 156.400 up to my sell level at 157.395 and then sell it down to the golden zone on the 4-hour chart which is 154.973.
Ill update this as the week progresses.
Trade is based on the higher time frame support and resistance and trend lines.
As I was charting this it just jumped out at me seems a pretty easy chart but only time will tell.
In the coming week just be careful market will be volatile and expect big movements in the USD at least initially until it settles down towards the end of the week.
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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.