USDJPY Short Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action pulls back to form structure and a lower high at our 4 hour level around 104.150. Look to enter short after the lower high is confirmed and target lower toward 103.000
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we need to see a break and retest of 104.500 at least. Enter long on strong bullish setups confirming the higher low and target higher toward 106.000
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Price action pulls back to form structure and a lower high at our 4 hour level around 104.150. Look to enter short after the lower high is confirmed and target lower toward 103.000
Trade scenario 2: Price action goes bullish. For us to consider any long opportunities we need to see a break and retest of 104.500 at least. Enter long on strong bullish setups confirming the higher low and target higher toward 106.000