USDJPY Tapped into 4 Hour Imbalance and should start going up
Good Morning Traders,
USDJPY has been making higher highs and higher lows on the daily time frame for past several weeks. It is very clear at this point that the commercial and institutional money is holding long positions on this pair.
I have identified a 4 hour price imbalance where price has tapped into and started to get some strong reaction to the upside from this area. It is not early or late to enter this trade however I will leave that for you to decide.
I will update this post as price starts making progress.
USDJPY has been making higher highs and higher lows on the daily time frame for past several weeks. It is very clear at this point that the commercial and institutional money is holding long positions on this pair.
I have identified a 4 hour price imbalance where price has tapped into and started to get some strong reaction to the upside from this area. It is not early or late to enter this trade however I will leave that for you to decide.
I will update this post as price starts making progress.
Nota
Price has created a nice daily candle close above the previous day low. Heading into the new looking enter long on this pair.
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.
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.