USDJPY-- preferred scenario & the alternative 29/9/2021
Hello dear friends,
USDJPY had a very powerful purchasing power without any kind of major correction, and now it shows a weak purchasing momentum which could lead to a major correction into the levels shown on the graph.
The preferred scenario is shorting the market after breaking level 111.21, and you could start your short position now with a minimal stop loss just above 111.50 level.
Of course, the alternative scenario would happen if the market accumulated purchasing power again above 111.50 we would see a continuation for the uptrend.
Be prepared for any scenario to happen and wishing you a happy trade.
USDJPY had a very powerful purchasing power without any kind of major correction, and now it shows a weak purchasing momentum which could lead to a major correction into the levels shown on the graph.
The preferred scenario is shorting the market after breaking level 111.21, and you could start your short position now with a minimal stop loss just above 111.50 level.
Of course, the alternative scenario would happen if the market accumulated purchasing power again above 111.50 we would see a continuation for the uptrend.
Be prepared for any scenario to happen and wishing you a happy trade.
Note
Market accumulating purchasing power and going to exceed the top resistanceBe aware
Note
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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.
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.