USDJPY Is About To Recover
This setup takes advantage of strong hidden bullish divergences in the USDJPY in the H4 to H10 timeframes, i.e. in the large timeframes. I have refrained from showing the OBV here so as not to distort the chart too much.
In this trade, we use the fact that there is still an unfinished auction in the area of the price target and that there has been stable buying interest at both the "big" and the interim low.
Nevertheless, we are waiting for a return to the 146.60 area before entering in order to optimize our RRR.
In this trade, we use the fact that there is still an unfinished auction in the area of the price target and that there has been stable buying interest at both the "big" and the interim low.
Nevertheless, we are waiting for a return to the 146.60 area before entering in order to optimize our RRR.
Trade active
It hit our entry mark exactly
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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.