Dollar Yen Y'all
Bullish (BLUE & ORANGE):
- Higher Lows on 1D timeframe
- Multiple Retests on Red resistance zone which may lead to a possible breakout to 111.7 resistance
Looking for Long entries above resistance
SL below resistance, below previous Swing highs
TP is below next resistance and at trendline resistance
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Bearish (GREEN & RED):
- At Red Resistance (Daily) and Blue Resistance (4H)
- Long Wicks seen on the 4H
- Bearish engulfing on the 2H
- Ascending Wedge (This may be bullish aswell)
- RSI Divergence on the 2H
Looking for short opportunities outside the wedge
SL midpoint of wedge
Multiple TPs above minor resistance (Blue)
---
Leaning more towards the bearish side for now.
Any feedback is appreciated.
Thanks for reading
- Higher Lows on 1D timeframe
- Multiple Retests on Red resistance zone which may lead to a possible breakout to 111.7 resistance
Looking for Long entries above resistance
SL below resistance, below previous Swing highs
TP is below next resistance and at trendline resistance
---
Bearish (GREEN & RED):
- At Red Resistance (Daily) and Blue Resistance (4H)
- Long Wicks seen on the 4H
- Bearish engulfing on the 2H
- Ascending Wedge (This may be bullish aswell)
- RSI Divergence on the 2H
Looking for short opportunities outside the wedge
SL midpoint of wedge
Multiple TPs above minor resistance (Blue)
---
Leaning more towards the bearish side for now.
Any feedback is appreciated.
Thanks for reading
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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.