USDJPY D2: BEARS SHORT IT TP 105.00(NEW/SL/TP)

20 Tem 2021

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USDJPY D2: BEARS SHORT IT TP 105.00(NEW/SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains.

🔸 Summary and potential trade setup
::: USDJPY 4days/candle chart review
::: still valid expecting more gains
::: on sell side BEARS short rips/bounces
::: TP is still 105.00
::: previous trade setup made money
::: recommended buying low for TP at 110.00
::: right now BEARS focus on SHORTING
::: closer to 111.50 TP is 105.00
::: great swing setup for 600+ pips
::: setup still valid as of right now
::: great progress since initiated coverage
::: +200 pips already running on BUY SIDE
::: speculative IHS BULLS in progress
::: mid-term target is 111.50 +350 pips
::: bulls maintain control / strong reversal
::: recommend to focus on buying dips now
::: recent low was cycle low for USDJPY
::: going forward we are GOING UP!
::: PT bulls is 111.50 which is also key S/R level
::: generally traders should look
::: to BUY any dips in this market
::: almost 350 pips upside from here
::: later with SL/TP levels
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: good luck traders
🔸 Supply/Demand Zones
::: 106.00 fresh demand zone
::: 111.50 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BULLS

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