USDJPY 8/19/19
LONG IDEA
Daily TF
Usdjpy has reacted off a major support level around 105.000. If a reversal is confirmed on a break of structure and weekly resistance we can then target higher. A Monthly double bottom is waiting for confirmation as well. Even more evidence of a potential push higher.
If we see a break of current resistance we will look for a long entry after a retest. We can target the 109.000 area and 200 ema. Potential for over 200+ pips on this trade.
If we see a failure to push higher we will need to see this consolidation zone between 105.500-107.000 break before we can identify a more clear sentiment.
If 105.000- .500 area is broken you can then begin to look for short positions.
LONG IDEA
Daily TF
Usdjpy has reacted off a major support level around 105.000. If a reversal is confirmed on a break of structure and weekly resistance we can then target higher. A Monthly double bottom is waiting for confirmation as well. Even more evidence of a potential push higher.
If we see a break of current resistance we will look for a long entry after a retest. We can target the 109.000 area and 200 ema. Potential for over 200+ pips on this trade.
If we see a failure to push higher we will need to see this consolidation zone between 105.500-107.000 break before we can identify a more clear sentiment.
If 105.000- .500 area is broken you can then begin to look for short positions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.