USDJPY 107.486 -0.01% LONG IDEA

Diupdate
Good Day Everyone

Here's a look at the USDJPY pair from multiple time frame perspective

MONTHLY

* On the monthly we are trading in a descending triangle pattern ranging within the structure no straight forward decisive direction on the pair we have a bearish candle forming as we continue ranging within the structure.

WEEKLY

* On the weekly the pair takes some shape in direction to an extent as we saw another bounce or rejection at 61.8% Fibonacci level the pair is rallying up as the jpy gained against the dollar targeting that 50% Fibonacci level as we determine a bullish sentiment on the pair we might just pull back before continuation to the upside.

DAILY

And as we enter the day chart we see a rejection just above the 38.2 % Fibonacci level as the US remains the safe heaven for investors-possibilities of a push down are still in the cards but looking for long positions on the pair


_________________________________________________________________________________________________________________________

ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

__________________________________________________________________________________________________________________________


If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT



Catatan
ON THE MONTHLY

USDJPY MONTHLY
Catatan
ON THE WEEKLY

USDJPY WEEKLY
Catatan
ON THE DAILY

USDJPY DAILY
Trade aktif
looking for significant moves to the upside as a trigger for the trade currently we are ranging on the pair
Ascending ChannelChart PatternscontinuationpatternsDescending ChannelDescending TriangleTechnical Indicatorsmulti-timeframemultitimeframeanalysispulemokhothuTrend AnalysisUSDJPYusdjpylong

Juga di:

Publikasi terkait

Pernyataan Penyangkalan