USDJPY 30min Analysis February 15th, 2021
Price has started the week with a quick push to the upside towards are key weekly level.
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly level of 105.370. We will then wait for a quick retrace and for price to rebound off the weekly. Enter on strong bullish setups, first targeting previous highs around 105.700
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our key weekly, forming a bit of a double top. We will enter on strong bearish setups off the weekly, first targeting around 105.000
Trade Scenario 1: Bullish - For us to go long we need to see price break above our key weekly level of 105.370. We will then wait for a quick retrace and for price to rebound off the weekly. Enter on strong bullish setups, first targeting previous highs around 105.700
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our key weekly, forming a bit of a double top. We will enter on strong bearish setups off the weekly, first targeting around 105.000
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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.