Long
USDJPY - Bullish setup
USDJPY already make second leg of bullish wave in D1. Now, the buttom of this second leg already set (around 107.615). We see, price now facing kijun sen that in my opinion will block USDJPY for a while. The momentum of bullish also still not strong . This is normal , for USDJPY still recover from the correction.
Looking at H4, We see chiko span will face senko span b, so, the long term tren for this time frame not establish yet. Therefore, USDJPY still will undergo a consolidation first before continuing the next movement. I already draw the 2 scenarios that can happen with this USDJPY. All for bullish setup.
It is worthy to follow USDJPY now for the potential of next upward movement (target profit) will be around 114.305 and that will be reached within weeks or months from now.
So, good luck then.
Do not forget to visit goinvestgen.com to see amazing contents there (updated regularly). Subscribe your email to not miss the new update of articles that will change your way of trading.
Happy trading.
Looking at H4, We see chiko span will face senko span b, so, the long term tren for this time frame not establish yet. Therefore, USDJPY still will undergo a consolidation first before continuing the next movement. I already draw the 2 scenarios that can happen with this USDJPY. All for bullish setup.
It is worthy to follow USDJPY now for the potential of next upward movement (target profit) will be around 114.305 and that will be reached within weeks or months from now.
So, good luck then.
Do not forget to visit goinvestgen.com to see amazing contents there (updated regularly). Subscribe your email to not miss the new update of articles that will change your way of trading.
Happy trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.