U.S. Dollar / Japanese Yen

Short

Look for continuation if UJ retraces to key area

If UJ retraces to a key area a short trade can offer approximately 1.5X risk/reward.

A more conservative entry is to look for a confirming pattern on a lower timeframe (e.g. 15min) once the market retraces above 101 even handle

Also on:

Related publications

If wedge continues, could be decent r/r for long

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.

Also on:

Related publications

If wedge continues, could be decent r/r for long

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.