RaynLim

How to Trade the Dollar Both Ways

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
US Dollar has been in focus recently due to several factors such as debt limit concerns and bank failures. However, my analysis indicates that the Dollar is still bullish and I'm looking for a buying opportunity at 133.75, provided that the support level holds.

For those who are seeking shorting opportunities, the red trendline could be a potential entry point. As long as the structure remains unbroken, a shorting trade could be considered, with the first target at 133.75.

Whether you're bullish or bearish on the Dollar, there are opportunities to trade it both ways. Stay tuned for further updates

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
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.