USDJPY - Back to test structure support
PAIR IN FOCUS: USDJPY
BIAS: BULLISH
HORIZON: SHORT-MEDIUM TERM
After breaking above structure level last week with the JPY weakening, price has retraced back to the structure level. As the uptrend remains intact, my bullish bias remains. Price could rebound from this structure level following a successful retest. Otherwise, if price breaks below this structure level, the bias could shift to bearish. This trade setup will be heavily dependent on the risk sentiment of the market this week - weather risk-off or risk-on sentiment will prevail.
TP 1 - 1:1 R:R
TP 2 - 2:1 R:R
Stop loss - below structure level
Let's see how this goes!
BIAS: BULLISH
HORIZON: SHORT-MEDIUM TERM
After breaking above structure level last week with the JPY weakening, price has retraced back to the structure level. As the uptrend remains intact, my bullish bias remains. Price could rebound from this structure level following a successful retest. Otherwise, if price breaks below this structure level, the bias could shift to bearish. This trade setup will be heavily dependent on the risk sentiment of the market this week - weather risk-off or risk-on sentiment will prevail.
TP 1 - 1:1 R:R
TP 2 - 2:1 R:R
Stop loss - below structure level
Let's see how this goes!
Trade fechado: stop atingido
As JPY strengthened, price could not hold the structure level and broke down to hit SL
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.