Dólar Americano/Iene JaponêsViés de alta
USD/JPY potential LONG
Atualizado
On 1-hour chart and 4-h chart show that price of USD/JPY pair is in uptrend, and it looks like heading to support zone as a correction. 2 scenarios here.
1. Price hit previous high (resistance turned support) and create 15-Minutes uptrend
2. Price hit 1-Hour/ 4-Hour major support zone and create M15 / H1 uptrend (M15 - 15-Minute; H1 1-Hour)
Either one, when and only when price show current trend ready to be reversed, then price has higher probability that will head higher.
My guess here is once is show uptrend. A trade with stop loss below previous low, profit target could be 2-3R (or trailing stop with range of 1R) (R is distance from entry to stop loss)
If price didn't do as I think it does, the move is not valid and trade should not be placed.
1. Price hit previous high (resistance turned support) and create 15-Minutes uptrend
2. Price hit 1-Hour/ 4-Hour major support zone and create M15 / H1 uptrend (M15 - 15-Minute; H1 1-Hour)
Either one, when and only when price show current trend ready to be reversed, then price has higher probability that will head higher.
My guess here is once is show uptrend. A trade with stop loss below previous low, profit target could be 2-3R (or trailing stop with range of 1R) (R is distance from entry to stop loss)
If price didn't do as I think it does, the move is not valid and trade should not be placed.
Nota
Price heading lower (to resistance-turned-support zone). Checking back next morning.Nota
Price did not drop and show upward trend so my previous guess is invalid. Now we experiencing a quick drop and seems like momentum is significantly decreased. I would love to see that small M15 uptrend to develop tonight or tomorrow.
Aviso legal
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