ForexLeague

USDJPY 4hour Analysis October 31st, 2021

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish

Trade scenario 1: Clear bullishness here on UJ but we can see on the 4hour that we have a bit of a range forming.

Ideally we continue with the overall bullish trend and enter long after we can see a higher low above the range.

Trade scenario 2: The other trade idea would be to play the range and catch a reversal near the top of the range while targeting the bottom.

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.