USDJPY 4H Analysis, 6th July 2021
4H Trend : Bullish
Trade Scenario 1 :
UJ 4H is in a bullish trend, we could spot the trendline is holding the trend. Everytime it getting close to the trendline, it rejects. Right now UJ is touching 78.6% fibs level where we could see a rejection from there. If there's a rejection then we could put long position
Or it could tap 4H demand area to continue the bullish trend
Trade Scenario 2:
We could consider short in UJ if it break the trendline in 4H and make LL. Wait for a LH to be formed then put short position.
Trade Scenario 1 :
UJ 4H is in a bullish trend, we could spot the trendline is holding the trend. Everytime it getting close to the trendline, it rejects. Right now UJ is touching 78.6% fibs level where we could see a rejection from there. If there's a rejection then we could put long position
Or it could tap 4H demand area to continue the bullish trend
Trade Scenario 2:
We could consider short in UJ if it break the trendline in 4H and make LL. Wait for a LH to be formed then put short position.
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