USDJPY 30min Analysis February 22nd, 2021
Trade Scenario 1: Bullish - Price is currently at our key structure zone of 105.700. We want to see price break above our zone with conviction. We will then wait for a retrace and for 105.700 to act as support. We will look to enter on strong bullish setups off this level, first targeting 106.100.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off the top of our zone at 105.700. We will look to enter on strong bearish setups, first targeting our weekly level at 105.400.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off the top of our zone at 105.700. We will look to enter on strong bearish setups, first targeting our weekly level at 105.400.
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.
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.