USDJPY | 1H Timeframe | Looking to break bullish trend
Case for Bulls:
- Overall Bullish Trend with HH and HL
Case for Bear:
- Strong Divergence
- Possibility of a H&S Pattern
- Breakout on resistant - Sellers may get active
- May is a Bearish month for USDJPY
Stance : Bearish
Trading Plan : Wait and Watch on Break and if it make LH and LL then enter at the neckline support. Risk Reward ratio to be managed at 1:1
- Overall Bullish Trend with HH and HL
Case for Bear:
- Strong Divergence
- Possibility of a H&S Pattern
- Breakout on resistant - Sellers may get active
- May is a Bearish month for USDJPY
Stance : Bearish
Trading Plan : Wait and Watch on Break and if it make LH and LL then enter at the neckline support. Risk Reward ratio to be managed at 1:1
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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.