USDJPY 4HR Potential Setup - 28/03/2021
Potential Setup as per the below
Bias – Bullish
Price has finally broken out of the range and pushed up with bullish momentum
Option 1 - Wait for price to retrace back to 50% of the current expansion move before considering a buy.
Option 2 - Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.
Both the above have added confluence as there are OBs in and around both these regions.
Bias – Bullish
Price has finally broken out of the range and pushed up with bullish momentum
Option 1 - Wait for price to retrace back to 50% of the current expansion move before considering a buy.
Option 2 - Wait for price to retrace back to Golden Zone (71 – 78.6 Fib Level) of the current expansion move before considering a buy.
Both the above have added confluence as there are OBs in and around both these regions.
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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.