USDJPY - Low risk longs
8-hr chart has the hidden divergence, while 4-hr is starting to build up a bullish divergence for 112.5
Watch how price reacts at 108 - 108.5 support (Expecting a touch and go). Also keep an eye on a possible higher low on the Stochs, compared to the 112.5 (lower) lows.
Trade invalidated on a daily close below 108.0 with some bearish PA on the 8/4 hr charts.
8 & 4 hr candlesticks near 108.5 - 108 should show enough PA to decide on the longs.
Also leave a small position for a longer term move to 114 & 117/118 on close above 112.5
Watch how price reacts at 108 - 108.5 support (Expecting a touch and go). Also keep an eye on a possible higher low on the Stochs, compared to the 112.5 (lower) lows.
Trade invalidated on a daily close below 108.0 with some bearish PA on the 8/4 hr charts.
8 & 4 hr candlesticks near 108.5 - 108 should show enough PA to decide on the longs.
Also leave a small position for a longer term move to 114 & 117/118 on close above 112.5
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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.