US Dollar still bearish (USDJPY trade active)
#USDJPY (Possible trade idea):
(1D):
The higher timeframe has been bearish for quite some time during 2020, and this trend hasn't changed. Still bearish bias confirmed by the 200 EMA and structure. Also fundamentally, US money printing won't stop any time soon. Technically, A wide range retest occurred, pushing the pair to the downside.
(4H):
Looking closer, the said retest on the daily timeframe resulted in a bearish continuation triangle, also broken to the downside.
(1H):
Recently, the price has been ranging in a smaller range and going through London session, it seems we have an interesting opportunity on its break and retest. Target would be at next support at 101.500
(1D):
The higher timeframe has been bearish for quite some time during 2020, and this trend hasn't changed. Still bearish bias confirmed by the 200 EMA and structure. Also fundamentally, US money printing won't stop any time soon. Technically, A wide range retest occurred, pushing the pair to the downside.
(4H):
Looking closer, the said retest on the daily timeframe resulted in a bearish continuation triangle, also broken to the downside.
(1H):
Recently, the price has been ranging in a smaller range and going through London session, it seems we have an interesting opportunity on its break and retest. Target would be at next support at 101.500
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.