USD/JPY short term bullish, medium term bearish
If we look at the daily and weekly, the area between 146,50 and 147 acted as a resistance area whenever the pair fell to those levels.
It seems like we are breaking the Structure to the upside on short term to test the 146,50 - 147 levels (Supply zones), but only on short term.
We broke the 144,70 levels to the Downside for 2 weeks now, that's a pretty strong bearish signal. However, there is still liquidity to be taken from the Upside (FVG 146 - 146,50)
So my Trading positions will be the following:
- Short Term: Wait for a break of 145,30 to the Upside, BUY, TP at 146,50 levels
- Medium and long term: SELL, TP below 142 levels
It seems like we are breaking the Structure to the upside on short term to test the 146,50 - 147 levels (Supply zones), but only on short term.
We broke the 144,70 levels to the Downside for 2 weeks now, that's a pretty strong bearish signal. However, there is still liquidity to be taken from the Upside (FVG 146 - 146,50)
So my Trading positions will be the following:
- Short Term: Wait for a break of 145,30 to the Upside, BUY, TP at 146,50 levels
- Medium and long term: SELL, TP below 142 levels
Note
If we see a loss of Momentum to the Upside *if 145,30 doesn't break* then SELL, Take Profit 142 or bellow.Note
Worked out well >D
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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.