USDJPY is one of the popular Forex-Pair for trading. USDJPY is showing near term bearishness.
as we are seeing that it's trading on it's all time high also has been rejected once with high volume volatility. once break we will be having a nice approx R:R :: 1:3 trade.
Near future i am expecting a bearish market once it break to downside.
all levels are marked on the chart.
Reason:
Verdict:
Bearishness is expected in upcoming week.
Plan of action:
Go short on Break downside.
as we are seeing that it's trading on it's all time high also has been rejected once with high volume volatility. once break we will be having a nice approx R:R :: 1:3 trade.
Near future i am expecting a bearish market once it break to downside.
all levels are marked on the chart.
Reason:
- In rising wedge pattern which is mostly bearish.
- once break to downside Price < VWAP.
- RSI is already in 40-60 means mostly sideways.
- if it breaks will be a breakout of 2 month consolidation in Rising wedge.
Verdict:
Bearishness is expected in upcoming week.
Plan of action:
Go short on Break downside.
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.