USDJPY (24-12-2018 until 28-12-2018)
Monthly:
Price is uptrend as an overall.
It just broke its downtrend and long term bullish still valid.
It seems short term will be bearish.
Weekly:
Weekly Chart shows that weekly bearish might be in progress.
Monthly bullish and weekly bearish are fighting to take lead.
Daily:
The price broke the weekly uptrend channel and seems is bearish now.
4-hour:
Support zone is around here. If the support zone hold, be prepared to buy and ready for bullish.
At the moment, it is better to stay outside and observe the price action.
1-hour:
Support zone to be observed. Observe if the price will stay and uptrend is still in progress.
Plan ahead.
Develop risk and reward ratio and evaluate it if it is reasonable to trade.
Identify what time frame to trade.
Price is uptrend as an overall.
It just broke its downtrend and long term bullish still valid.
It seems short term will be bearish.
Weekly:
Weekly Chart shows that weekly bearish might be in progress.
Monthly bullish and weekly bearish are fighting to take lead.
Daily:
The price broke the weekly uptrend channel and seems is bearish now.
4-hour:
Support zone is around here. If the support zone hold, be prepared to buy and ready for bullish.
At the moment, it is better to stay outside and observe the price action.
1-hour:
Support zone to be observed. Observe if the price will stay and uptrend is still in progress.
Plan ahead.
Develop risk and reward ratio and evaluate it if it is reasonable to trade.
Identify what time frame to trade.
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