USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately.
The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area.
To play this safely we’re looking for higher lows above 114.150
Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we are mainly bullish on the higher timeframes but we’ve seen a very strong 4hour bearish trend lately.
The unfortunate thing is we’re seeing a ton of traffic on this pair with tons of consolidation and s/r levels in the area.
To play this safely we’re looking for higher lows above 114.150
Trade scenario 2: The same goes for the bearish scenario, we need to see a lower high below 112.700.