USDJPY: A Bullish reversal idea
تم تحديثه
Bearish Indications
• As per Dow’s theory trend is bearish.
• Key resistance is at 129.570
• 4H Time-Frame overall trend is bearish.
• Seasonal Analysis of
USDJPY remain Bearish in January.
• However Seasonal Analysis of
JXY for past 10 years January remain bearish.
Bullish Indications
• 4H Time-Frame Higher Low is formed and confirmation of Bullish trend can be ascertaining once Higher High is established.
• On 15M Time-Frame a bullish trend of Higher Highs and Higher Lows is clearly evident.
• Bullish Engulfing/ Three White Soldiers candles are visible.
• Next Support is at 126.459
• Formation of AB=CD indicates a reversal is possible in area of 128.096 and signs of bullish candles put weight to this theory.
• Seasonal analysis of
DXY for past 10 years indicates it to remain bullish in January.
• No Divergence is Spotted on RSI Oscillator.
Biased: Long
Plan A (Long)
Entry Long: 1.06255 (Fib Lvl 61.8%)
TP: 130.089 (Fib Lvl 38.2%)
TP2 : 131.937 (Fib Lvl 61.8%)
Stop Loss: 127.826 (Point D of ABCD Pattern)
Risk/Reward: 1:1.18
Manage your Risk Accordingly.
If this post was useful to you, do not forget to like and comment.
• As per Dow’s theory trend is bearish.
• Key resistance is at 129.570
• 4H Time-Frame overall trend is bearish.
• Seasonal Analysis of
USDJPY remain Bearish in January.• However Seasonal Analysis of
JXY for past 10 years January remain bearish. Bullish Indications
• 4H Time-Frame Higher Low is formed and confirmation of Bullish trend can be ascertaining once Higher High is established.
• On 15M Time-Frame a bullish trend of Higher Highs and Higher Lows is clearly evident.
• Bullish Engulfing/ Three White Soldiers candles are visible.
• Next Support is at 126.459
• Formation of AB=CD indicates a reversal is possible in area of 128.096 and signs of bullish candles put weight to this theory.
• Seasonal analysis of
DXY for past 10 years indicates it to remain bullish in January. • No Divergence is Spotted on RSI Oscillator.
Biased: Long
Plan A (Long)
Entry Long: 1.06255 (Fib Lvl 61.8%)
TP: 130.089 (Fib Lvl 38.2%)
TP2 : 131.937 (Fib Lvl 61.8%)
Stop Loss: 127.826 (Point D of ABCD Pattern)
Risk/Reward: 1:1.18
Manage your Risk Accordingly.
If this post was useful to you, do not forget to like and comment.
تم فتح الصفقة
ملاحظة
Target Price 1 Hit ! Lets move our Stop loss to 128.694ملاحظة
Move Stop loss to 129.528أغلقت الصفقة: تم الوصول لوقف الخسارة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.