USDJPY 4Hour TF - June 17th, 2024
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4Hour - Bullish
"Do you think it's Bullish?"
Scenario 1: We are kind of in uncharted territory because we have not seen UJ near these highs since 1991. Not sure I trust those levels so my max target for a long position will be the 160.00 area where the most recent highlighted wick is. We just need more structure to base levels off of. Look for a higher low and continuation of this bullish trend.
Scenario 2: The only way i'd feel comfortable shorting this is if we saw a major break of our 156.250 zone. Look for clear bearish structure below and it would become a great prospect to short.
Weekly - Bullish
Daily - Bullish
4Hour - Bullish
"Do you think it's Bullish?"
Scenario 1: We are kind of in uncharted territory because we have not seen UJ near these highs since 1991. Not sure I trust those levels so my max target for a long position will be the 160.00 area where the most recent highlighted wick is. We just need more structure to base levels off of. Look for a higher low and continuation of this bullish trend.
Scenario 2: The only way i'd feel comfortable shorting this is if we saw a major break of our 156.250 zone. Look for clear bearish structure below and it would become a great prospect to short.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.