- In the monthly (higher timeframes), USDJPY is bullish.
- In the weekly timeframe, USDDJPY is bullish with a clear BOS and a retest.
- In the daily timeframe, it is also in a clear uptrend.
- As convincing as it is to keep our focus on the current bullish price reaction, patience tells us otherwise to wait it out lower below the 1d validation and its preceding price structures.
- We are risking 19 Pips on this trade for a potential 1:30.
- In the weekly timeframe, USDDJPY is bullish with a clear BOS and a retest.
- In the daily timeframe, it is also in a clear uptrend.
- As convincing as it is to keep our focus on the current bullish price reaction, patience tells us otherwise to wait it out lower below the 1d validation and its preceding price structures.
- We are risking 19 Pips on this trade for a potential 1:30.
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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.