USDJPY | Trend Change
Update to prev post.
Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case.
We can expect price to retest previous all time highs, potentially falling even more.
From an R:R perspective, stacking orders at this level is optimal.
Based on current market structure, USDJPY seems to have changed its trend falling out of its ascending channel. My prev. thesis stated that I expected to JPY to regain some strength - current price action suggests this is the case.
We can expect price to retest previous all time highs, potentially falling even more.
From an R:R perspective, stacking orders at this level is optimal.
Note
A strong close below 23% would be ideal to start this trade off.
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Publications connexes
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.