Price Altitude: Middle
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: USDJPY has axed its way through a daily demand and removed it only to touch a lower demand zone starting @ 110.606. The approach is grinding-ly awful.
Prediction: I am looking for a deeper drop into the daily demand which is now in control for a long into daily supply @ 111.214.
Price Points of Interest:
4h Demand @ 110.525
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Note
USDJPY removed the daily+4h demand and rallied into supply. I am still looking to short the 4h supply @ 111.304 if price get up there to line up with the higher TF trend.Trade closed: target reached
Trade idea finished. Profit targets hit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.