Clean Trades on Both Levels Hello guys my idea on USDJPY. Expecting both buy and sell from both levels good trade ..
Trade safe. Tell me what you think about it.
Usdjpy-trade-setup
USDJPY 21-EMA SupportUSD/JPY extends range trade above 21-EMA, bias neutral
Federal Open Market Committee (FOMC) Minutes released on Wednesday favored the Fed hawks.
Technical Analysis:
USD/JPY is grinding sideways for the 4th straight session
GMMA indicator shows major trend is bullish, while minor trend has gone neutral
Momentum is in favor of bulls, volatility is low
Bearish RSI divergence keeps scope for more weakness
Bounce off 21-EMA will change near-term dynamics
Easy and Understandable Trade Setup on USDJPY!LH - 106.895 (bearish below this level) and continue T1 106.240 & T2-105.755
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Narrow range for traders on daily chart :
Traders, can trade both side and take profit until no-major change in volume and price.
Up-side breakout above 107.075
Weekly chart:
Falling wave(downtrend) inner side of the parallel channel:
