Hello,
My idea on USD/JPY for the next week:
Judging from the Daily downtrend, the price is still holding below the last zone it broke. It is just ranging.
This is a sell opportunity from the top of a range that has been created.
H4 chart overcame the buyer last week. I am looking to short from the recent sell zone on the H4 with the overall flow.
Good luck!
My idea on USD/JPY for the next week:
Judging from the Daily downtrend, the price is still holding below the last zone it broke. It is just ranging.
This is a sell opportunity from the top of a range that has been created.
H4 chart overcame the buyer last week. I am looking to short from the recent sell zone on the H4 with the overall flow.
Good luck!
Note
Need a better price in order to short it away from 106.80 since it will be my first problematic zone and first potential targets, so I can get away in case of trouble.Note
Note
H1 outlook:Note
I found an entry earlier today. I am now moving stops closer to the entry with 18 pips risk.Note
Just closed the trade at breakeven.Trade active
Re-entered:SL - 107.30
TP1 - 106.65
Main target remains the same
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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.