Note:
Overall, we remain bullish on USD/JPY pair.
Now, price having correction to 20-EMA, followed by
a bullish signal.
It is a Swing Setup, but aware of the immediate strong resistance zone.
There are 3 trading plans for this trade:
1. Long now with little risk amount as it is a
good swing setup.
2. Wait the price having more correction to the
strong support zone, it is a good time to accumulate
long positions.
3. If the price managed to break the strong resistance
zone, wait for Pullback and bullish signal to long!
Overall, we remain bullish on USD/JPY pair.
Now, price having correction to 20-EMA, followed by
a bullish signal.
It is a Swing Setup, but aware of the immediate strong resistance zone.
There are 3 trading plans for this trade:
1. Long now with little risk amount as it is a
good swing setup.
2. Wait the price having more correction to the
strong support zone, it is a good time to accumulate
long positions.
3. If the price managed to break the strong resistance
zone, wait for Pullback and bullish signal to long!
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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.
Related publications
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.