USDJPY H4 long setup
Dollar Yen is still trending to the upside and seems to be supported by a rising trendline so far (marked green)
Beleiving the trend is not yet exhausted completly I think a long setup is worth as drawn on the chart. Stoploss is set exactly at 30.June low. Target here is the near term resistance line around 123.90 - 124.10.
From the other side it starts being obvious that a bearish triangle pattern started forming within the abovementioned resistance line and the medium term support line. This is suggesting that /Yen starts reaching a medium term top and a bigger decline from around 124.00/20 can be expected later on.
Beleiving the trend is not yet exhausted completly I think a long setup is worth as drawn on the chart. Stoploss is set exactly at 30.June low. Target here is the near term resistance line around 123.90 - 124.10.
From the other side it starts being obvious that a bearish triangle pattern started forming within the abovementioned resistance line and the medium term support line. This is suggesting that /Yen starts reaching a medium term top and a bigger decline from around 124.00/20 can be expected later on.
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.