USDJPY Idea Daily Trend: Bullish
4hour Trend: Bullish Trade scenario 1: UJ is in an uptrend in 4H timeframe, we could see it through the trendline holding the bullish trend . Everytime price touch the trendline, it reject and make HL But, in Daily UJ is in a key level Resistance which if it couldn’t break, it could potentially forming a big double top . But if it break the resistance, UJ will continue pushing higher Trade scenario 2: To consider bearish in UJ, we would like to see break of the trendline which also break the last Low and forming new LL, then a retest/LH for us to put a short position



more…

See also  USDJPY sell setup for FX:USDJPY by Rashidsiddique