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 fermée: ordre d’arrêt atteint
As JPY strengthened, price could not hold the structure level and broke down to hit SL
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.